Find the Margin of Error for the 95% Confidence Interval

question 15

Multiple Choice

Find the margin of error for the 95% confidence interval used to estimate the population proportion
-n = 133, x = 82; 90 percent

• A)0.548 < p < 0.686
• B)0.546 < p < 0.688
• C)0.551 < p < 0.683
• D)0.550 < p < 0.684

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Definitions:

Balance Sheet

A financial statement that reports a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a basis for computing rates of return and evaluating its capital structure.

Income Statement

A financial statement that shows a company's revenues, expenses, and net income over a specific period of time.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a particular period.

Sales On Account

Transactions where goods or services are sold with payment to be received at a later date, typically recorded as accounts receivable.