Use the Given Degree of Confidence and Sample Data to Construct

question 85

Multiple Choice

Use the given degree of confidence and sample data to construct a confidence interval for the population proportion p.
-A survey of 865 voters in one state reveals that 408 favor approval of an issue before the legislature. Construct the 95% confidence interval for the true proportion of all voters in the state who favor approval.

• A) 0.435 < p < 0.508
• B) 0.438 < p < 0.505
• C) 0.444 < p < 0.500
• D) 0.471 < p < 0.472

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Definitions:

Bargain

An agreement between two or more parties to exchange goods or services for mutually perceived value, often involving negotiation to reach favorable terms.

That's-not-all Technique

A persuasion method where before finalizing a deal, an additional offer is made to make the proposal seem more attractive.

Reciprocal Concessions

A negotiation strategy where each party makes compromises to reach an agreement, often strengthening the relationship through mutual sacrifice.

That's-not-all Technique

A sales strategy where additional items or discounts are offered to make a deal look more appealing without giving the buyer time to refuse the initial offer.