Assume That a Sample Is Used to Estimate a Population

question 32

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.
-In a random sample of 187 college students, 106 had part-time jobs. Find the margin of error for the 95% confidence interval used to estimate the population proportion.

• A) 0.0639
• B) 0.00257
• C) 0.0710
• D) 0.124

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Definitions:

Security Interest

A security interest is a legal claim or lien on collateral, granted to a lender or creditor to secure repayment of a debt or loan.

Perfected

In legal terms, it refers to the completion of all required steps to enforce a security interest or lien against third parties, particularly after default.

Priority

The established order of importance or urgency given to claims, debts, rights, or actions in legal, financial, or other operational contexts.

Floating Lien

A lien on a debtor's assets that changes over time with the inventory levels or changes in collateral included under the lien.