At Issue Is the Proportion of People in a Particular

question 63

Multiple Choice

At issue is the proportion of people in a particular county who do not have health care insurance coverage. A simple random sample of 240 people was asked if they have insurance coverage, and 66 replied that they did not have coverage. Based on these sample data, determine the 95% confidence interval estimate for the population proportion.

• A) (0.239, 0.321)
• B) (0.259, 0.301)
• C) (0.224, 0.336)
• D) (0.268, 0.292)

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Definitions:

External Financing Need

External financing need is the amount of funding a business requires from sources outside its operations, such as loans or investor capital, to finance its activities or growth.

Dividend Payout Ratio

A financial measurement that calculates the percentage of earnings distributed to shareholders in the form of dividends.

Predicted

Anticipated or expected based on current trends or data analysis.

Internal Growth Rate

The maximum rate at which a firm can expand its operations without obtaining additional financing, driven by reinvestment of its earnings.