Provide an Appropriate Response $p$ Of Students in Favor of Changing from a Quarter-System to Is

question 43

Multiple Choice

Provide an appropriate response.
-In a college student poll, it is of interest to estimate the proportion $p$ of students in favor of changing from a quarter-system to a semester-system. How many students should be polled so that we can estimate p to within $0.09$ using a $99 \%$ confidence interval?

• A) 205
• B) 182
• C) 261
• D) 114

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Definitions:

Receiving Report

A document completed by the receiving staff of a company, detailing the items received, their quantities, and condition upon delivery.

Invoice

A document issued by a seller to a buyer that outlines a transaction and includes details of goods or services provided, prices, date, and payment terms.

Accounts Receivable

Funds that customers owe to a business for products or services provided but not yet compensated for.

Liquidity

A measure of how easily assets can be converted into cash without significant loss in value.