A Survey of 300 Union Members in New York State $98 \%$

question 33

Multiple Choice

A survey of 300 union members in New York State reveals that 112 favor the Republican candidate for governor. Construct the $98 \%$ confidence interval for the true population proportion of all New York State union members who favor the Republican candidate.

• A) \(0.316 < p < 0.430\)
• B) \(0.301 < p < 0.445\)
• C) \(0.308 < p < 0.438\)
• D) \(0.304 < p < 0.442\)

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Definitions:

Equity Multiplier

A financial leverage ratio that indicates the portion of a company's assets that are financed by shareholders' equity.

Net Profit Margin

A financial metric that shows the percentage of revenue remaining after all operating expenses, interest, taxes, and preferred stock dividends have been deducted from total revenue.

Gross Margin

The difference between sales revenue and the cost of goods sold, representing the profit before deducting operating expenses.

Accounts Receivable Turnover

A financial metric indicating how many times a business collects its average accounts receivable during a period, reflecting credit sales efficiency.