A Survey of an Urban University (Population of 25,450) Showed

question 104

Multiple Choice

A survey of an urban university (population of 25,450) showed that 870 of 1,100 students sampled
Supported a fee increase to fund improvements to the student recreation center. If university
Officials say that at least 70% of the voting student population support the fee increase, what
Conclusion can be drawn based on a 95% level of confidence?

• A) 70% is not in the interval, need to take another sample.
• B) 70% is not in the interval, so assume it will not be supported.
• C) 70% is below the interval, so assume it will be supported.
• D) Since this was not based on population, cannot make conclusion.

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Definitions:

Financialization

The growing significance of financial sectors, financial motivations, financial organizations, and financial leaders in managing the economy and its regulatory bodies.

Economic Integration

The process by which countries reduce trade barriers and coordinate their economic policies to increase trade and investment between them.

European Union

A political and economic union of 27 member states located primarily in Europe, established to promote integration and cooperation among its members.

NAFTA

The North American Free Trade Agreement, a treaty entered into by the United States, Canada, and Mexico, aimed at eliminating barriers to trade and investment.