Recently, a Report in a Financial Journal Indicated That the 90

question 61

True/False

Recently, a report in a financial journal indicated that the 90 percent confidence interval estimate for the proportion of investors who own one or more mutual funds is between 0.88 and 0.92. Given this information, the sample size that was used in this study was approximately 609 investors.

---

Definitions:

Co-Insurance

An insurance policy feature where the insured party and the insurer share the covered losses in a defined proportion.

Insured

The individual or entity covered by an insurance policy, which provides protection against loss or damage.

Insurer

An entity that provides insurance coverage, assuming the risk of loss from an insured party in exchange for premiums paid.

Brokers

Intermediaries that arrange transactions between buyers and sellers for a commission.