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:

Accrued Expense

An accounting term for expenses that have been incurred but not yet paid, representing a company's obligation to make future payments.

Contra Account

An account in the general ledger that is used to reduce the value of a related account when the two are netted together.

Associated Account

An account linked or related to another in accounting, often used to track transactions connected to a specific business activity or party.

Plant Assets

Long-term tangible assets that are used in the production of goods or services and are not intended for sale.