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:

U.S. Census Bureau

An essential body within the U.S. Federal Statistical System, tasked with the creation of statistics concerning the American public and the economy.

Partially Socialist

A term that describes a society or economic system that incorporates elements of socialism within a broader capitalist framework, combining government intervention with market freedom.

Pure Socialism

An economic and political system where the government or the community as a whole owns and controls the means of production, distribution, and exchange with the aim of equal wealth distribution and the elimination of classes.

Industrial Revolution

The Industrial Revolution was a period of major industrialization and technological innovation that began in the late 18th century, leading to significant changes in society and the economy.