The Manager of an Orchard Expects About 70% of His

question 106

Multiple Choice

The manager of an orchard expects about 70% of his apples to exceed the weight requirement for
"Grade A" designation. At least how many apples must he sample to be 90% confident of
Estimating the true proportion within ±4%?

• A) 89
• B) 505
• C) 19
• D) 23
• E) 356

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Definitions:

Wealth Distribution

The comparative distribution of wealth across or within nations, showing how assets or wealth are shared among the population.

Income

Represents the money received by a person or entity in exchange for labor, services, or investments during a specific period.

Income Inequality

The uneven distribution of income within a population, often measured and analyzed through various economic indicators.

Unionism

The advocacy, formation, or activities of labor unions, which are organizations that represent the collective interests of workers in negotiations with employers.