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Most major airlines allow passengers to carry two pieces of luggage (of a certain maximum size) onto the plane. However, their studies show that the more carry-on baggage passengers have, the longer it takes to unload and load passengers. One regional airline is considering changing its policy to allow only one carry-on per passenger. Before doing so, it decided to collect some data. Specifically, a random sample of 1,000 passengers was selected. The passengers were observed, and the number of bags carried on the plane was noted. Out of the 1,000 passengers, 345 had more than one bag. Based on this sample, develop and interpret a 95% confidence interval estimate for the proportion of the traveling population that would have been impacted had the one-bag limit been in effect.
Accountant
A professional who performs accounting functions such as audits or financial statement analysis. Accountants can also advise on financial strategies and tax planning.
Gross Income
The total income earned by an individual or a business before any deductions or taxes are taken out.
Political Subdivision
An administrative division of a country that is granted certain powers and responsibilities by legislation, such as a city, county, or district.
Constructive Receipt
A tax principle that taxes income individuals have earned but not yet received, based on the availability without substantial restriction.
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