Assume That a Sample Is Used to Estimate a Population

question 167

Multiple Choice

Assume that a sample is used to estimate a population proportion p. Find the margin of error E that corresponds to the
given statistics and confidence level. Round the margin of error to four decimal places.
-99% confidence; the sample size is 1110, of which 45% are successes

• A) 0.0293
• B) 0.0385
• C) 0.0306
• D) 0.0348

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Definitions:

Goods-in-bailment

Items that are temporarily delivered into the care of another, under a bailment agreement, without transfer of ownership.

Ambiguous

Something that is unclear or can be understood in more than one way because of vague or incomplete information.

Types of Title

Various categories of legal ownership of property, including but not limited to fee simple, leasehold, and life estate.

Sale of Goods

A transaction where the seller transfers goods to the buyer for a consideration, typically money.