Provide an Appropriate Response $99 \%$ Confidence Interval to Estimate the True Proportion of Students on Determining

question 24

Multiple Choice

Provide an appropriate response.
-A university dean is interested in determining the proportion of students who receive some sort of financial aid. Rather than examine the records for all students, the dean randomly selects 200 students and finds that 118 of them are receiving financial aid. Use a $99 \%$ confidence interval to estimate the true proportion of students on financial aid.

• A) \(0.59 \pm 0.090\)
• B) \(0.59 \pm 0.003\)
• C) \(0.59 \pm 0.623\)
• D) \(0.59 \pm 0.007\)

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Definitions:

Debt-Equity Ratio

A ratio enumerating the financial strategy involving the use of equity and debt for asset financing.

Maximum Sales

The highest amount of sales a company can possibly achieve within a given timeframe under existing conditions.

Constant Ratio

A strategy or measure that remains unchanged over a period of time, often used in financial contexts to describe stable investment proportions or fixed financial ratios.

Retained Earnings

Represents the portion of net income that is not distributed to shareholders but retained by the company for reinvestment in its operations or to pay debt.