Assume That a Sample Is Used to Estimate a Population

question 64

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.
-In a random sample of 192 college students, 129 had part-time jobs. Find the margin of error for the 95% confidence interval used to estimate the population proportion.

• A) 0.0664
• B) 0.0598
• C) 0.00225
• D) 0.116

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Definitions:

Tax Preference Items

Certain types of income, deductions, or credits that are treated favorably under the tax code to encourage specific activities or investments.

Nonrecourse Debt

A type of loan where the lender's recovery options in case of default are limited to seizing the collateral securing the loan, without pursuing further compensation from the borrower.

At-Risk

The term "at-risk" generally refers to the exposure to potential loss or damage, but in finance, it often involves the amount of money invested in a business venture to the extent that it can be lost.

Material Participant

A taxpayer involved in business operations on a regular, continuous, and substantial basis, according to IRS regulations.