Assume That a Sample Is Used to Estimate a Population

question 99

Multiple Choice

Assume that a sample is used to estimate a population proportion p. Find the margin of error E that corresponds to the given statistics and confidence level. Round the margin of error to four decimal places.
-95% confidence; the sample size is 6100, of which 40% are successes

• A) 0.00923
• B) 0.0141
• C) 0.0123
• D) 0.0162

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Definitions:

Slope

In mathematics, the slope measures the steepness, incline, or grade of a line in the coordinate system, often representing the rate of change.

Beta

A measure of a stock's volatility in relation to the overall market; a beta greater than 1 indicates higher volatility, and less than 1 indicates lower volatility.

Standard Deviation

A measure of the dispersion or variation in a distribution or set of data, indicating how much individual values differ from the mean.

Coefficient of Variation

A statistical measure of the dispersion of data points in a data series around the mean, expressed as a percentage.