Use the Given Degree of Confidence and Sample Data to Construct

question 80

Multiple Choice

Use the given degree of confidence and sample data to construct a confidence interval for the population proportion p
-Margin of error: $0.005$ ; confidence level: $97 \%$ ; $\mathrm { p }$ and $\mathrm { q }$ are unknown

• A) 753,425
• B) 47,088
• C) 47,089
• D) 188,357

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Definitions:

Recession Of 2001

A period of temporary economic decline during which trade and industrial activity were reduced, marked particularly by the bursting of the dot-com bubble.

Endogenous Factors

Internal factors that originate within an economic system or model and determine its behavior and state.

Exogenous Factors

External influences that can cause changes in an economic system, outside of the system’s control.

Price Shock Theory

A theory suggesting that sudden and unexpected changes in prices (typically upwards) can have significant adverse effects on an economy.