Use the Given Degree of Confidence and Sample Data to Construct

question 27

Multiple Choice

Use the given degree of confidence and sample data to construct a confidence interval for the population proportion p
-Margin of error: $0.01$ ; confidence level: $95 \%$ ; from a prior study, $\hat { \mathrm { p } }$ is estimated by the decimal equivalent of $69 \%$

• A)8218
• B)14,184
• C)26,507
• D)7396

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Definitions:

Generating Alternatives

The process of developing multiple options or solutions to address a problem or seize an opportunity.

Subjective Probability

An individual's personal judgment or belief about how likely an event is to occur, based on their own knowledge and experience.

Objective Probability

The likelihood of an event occurring based on factual and measurable data, independent of personal belief or bias.

Proprietary Information

Secret or confidential information owned by a business, used to gain a competitive edge.