The Following MINITAB Output Presents a Confidence Interval for a Proportion

question 27

Multiple Choice

The following MINITAB output presents a confidence interval for a proportion. $$\begin{array} { c r r c c } \hline \text { Variable } & \mathrm { X } & \mathrm { N } & \text { Sample } \mathrm { p } & 95 \% \mathrm { CI } \\\mathrm { x } & 114 & 172 & 0.662791 & ( 0.592138,0.733444 ) \\\hline\end{array}$$ Use the information in the display to construct a 98% confidence interval for p.

• A) (0.592, 0.733)
• B) (0.603, 0.722)
• C) (0.579, 0.747)
• D) (0.570, 0.756)

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Definitions:

Direct Materials

raw materials that are directly traceable to the manufacturing of a product and are an essential component of the finished goods.

Cost Of Production Report

A detailed report that shows the total cost and production information for a specific period, important for evaluating the efficiency of production processes.

Completion Ratios

A measure used to assess the progress or completion rate of projects or production processes, usually expressed as a percentage.

Equivalent Units

A concept in cost accounting used to allocate costs to produced units based on the amount of work completed.