Use the Following Information to Answer the Question

question 46

Short Answer

Use the following information to answer the question. In a recent poll of 900 randomly selected adults, 37% reported that they could not swim 24 yards (the length of a typical gymnasium lap pool).
-What is the standard error for the estimate of the proportion of all adults that self- report that they cannot swim 24 yards? Round to the nearest ten- thousandth.

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Definitions:

Flexible Budget

An adjustable budget that changes or scales according to the level of activity or output, making it more useful for performance evaluation.

Total Variable Cost

The total of all costs that vary directly with the level of production or sales volume, such as raw materials and direct labor.

Activity Declines

Situations where the level of activity or productivity in a business decreases over a certain period.

Actual Costs

The true or realized expenses incurred in the production of goods or services, as opposed to estimated or budgeted costs.