The Kennel Club Wants to Estimate the Proportion of Children

question 51

Multiple Choice

The Kennel Club wants to estimate the proportion of children that have a dog as a pet. Assume a
95% level of confidence and that the club estimates that 30% of the children have a dog as a pet. If
The club wants the estimate to be within 3% of the population proportion, how many children would
They need to contact?

• A) 978
• B) 879
• C) 789
• D) 987
• E) 897

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Definitions:

Exchange Rates

The exchange rate determining how one national currency can be converted into another, influencing international business and investment decisions.

Year-End

The conclusion of a fiscal or calendar year, marking the final day for accounting adjustments, after which financial statements are generated.

Invoice Price

The price listed on the invoice, representing the amount charged to the buyer by the seller for goods or services provided.

Settlement Date

The day on which a trade is finalized, and the buyer must make payment and the seller deliver the asset.