Solve the Problem $\hat { p } .$ A) 0775
B) 0

question 113

Multiple Choice

Solve the problem.
-The following confidence interval is obtained for a population proportion, p: 0.753 < p < 0.797. Use these confidence interval limits to find the point estimate, $\hat { p } .$

• A) 0.775
• B) 0.753
• C) 0.780
• D) 0.770

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Definitions:

Keynesian Economics

An economic theory stating that government intervention can stabilize the economy through fiscal and monetary policy.

Wage Flexibility

The ease with which wages can adjust to match the supply and demand for labor, helping in the correction of labor market imbalances.

Full Employment

A situation in which all available labor resources are being used in the most economically efficient way, typically marked by the absence of cyclical unemployment.

John Maynard Keynes

A British economist whose theories on the causes of prolonged unemployment and the role of government intervention in economies formed the basis of Keynesian economics.