The Following Confidence Interval Is Obtained for a Population Proportion $p : ( 0.734,0.778 )$

question 4

Multiple Choice

The following confidence interval is obtained for a population proportion, $p : ( 0.734,0.778 )$ Use these confidence interval limits to find the margin of error, E.

• A) 0.020
• B) 0.044
• C) 0.022
• D) 0.023

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Definitions:

Fixed Manufacturing Cost

Costs that do not vary with the level of production output, such as rent, property taxes, and salaries of permanent employees.

Relevant Range

The span of activity levels within which the assumptions made about cost behavior and business operations are valid.

Variable Cost

Financial outlays that change directly with changes in production or sales amounts, such as direct labor and raw materials.

Incremental Manufacturing Cost

The additional costs incurred when increasing production by one additional unit.