Assume That a Sample Is Used to Estimate a Population $95 \% \text { confidence; } \mathrm { n } = 470 , \mathrm { x } = 50$

question 96

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.
- $95 \% \text { confidence; } \mathrm { n } = 470 , \mathrm { x } = 50$

• A) 0.0251
• B) 0.0335
• C) 0.0293
• D) 0.0279

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Definitions:

Process Costing

An accounting methodology used for homogeneous products, which assigns average costs to units of output on the basis of the process they undergo.

Weighted-Average Method

An inventory valuation method averaging the cost of goods available for sale and assigning an average cost to each unit.

Assembly Department

A segment within a manufacturing facility where parts are assembled into final products.

Units Transferred

The quantity of goods moved from one production process or department to another in the manufacturing process.