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:

World Market

The global arena where goods, services, and financial assets are traded across countries.

Monopsony

A market structure in which there is only a single buyer of a good, service, or resource.

Minimum Wage

The lowest legal salary that workers can be paid by employers, set by government law or policy.

Nominal Wage

Refers to the wage paid to labor in current dollars, without adjustment for inflation, representing the face value of payments received.