Solve the Problem. -Of 86 Adults Selected Randomly from One Town, 63 Have

question 102

Multiple Choice

Solve the problem.
-Of 86 adults selected randomly from one town, 63 have health insurance. Find a 90% confidence interval for the true proportion of all adults in the town who have health insurance.

• A)0.621 < p < 0.844
• B)0.654 < p < 0.811
• C)0.639 < p < 0.826
• D)0.610 < p < 0.855

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Definitions:

Long-term Bank Loans

Long-term bank loans are borrowings from banks with repayment terms extending beyond one year, used for financing significant investments or operations.

Marketable Securities

Financial instruments that can be quickly converted into cash at a reasonably predictable price.

Capital Gains

The profit from the sale of assets or investments, such as shares or property, which exceeds the purchase cost.

Eligible Dividends

Dividends that are designated by corporations to be eligible for a lower tax rate in the hands of individuals, in certain jurisdictions.