In a Gallup Poll, 1011 Adults Were Asked If They

question 24

Essay

In a Gallup poll, 1011 adults were asked if they consume alcoholic beverages and 64% of them said that they did. Construct a 90% confidence interval estimate of the proportion of all
adults who consume alcoholic beverages. Can we safely conclude that the majority of adults
consume alcoholic beverages?

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Definitions:

Forward Contracts

Financial agreements to buy or sell an asset at a predetermined future date and price, used primarily to hedge against price movements.

Exchange Rate

The worth of a currency when converting it into another currency.

Future

The time or period that comes after the present, often considered in terms of expectations, plans, or predictions.

Renminbi

The official currency of the People's Republic of China, also known as the yuan in its unit designation.