Assume That a Sample Is Used to Estimate a Population

question 164

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; n = 5900, x = 1770

• A) 0.0117
• B) 0.0135
• C) 0.0154
• D) 0.00878

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Definitions:

Grapefruits

A large, round citrus fruit with a rich, slightly bitter flavor, known for its health benefits and use in diets and cooking.

Indifference Curves

Curves representing combinations of two goods between which a consumer is indifferent, meaning any combination along the curve gives the same level of satisfaction.

Bundle

In economics, a combination of various goods and services that a consumer might consider purchasing.

Constants

Fixed values in mathematical equations or models that do not change under different conditions.