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

question 38

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. Using the 95%
Level of confidence, what is the confidence interval?

• A) [0.767, 0.814]
• B) [0.759, 0.822]
• C) [0.771, 0.811]
• D) [0.714, 0.866]

---

Definitions:

Price

The total of money envisaged, necessitated, or expended as a payment for something.

Quantity Supplied

The total amount of a specific good or service that producers are willing and able to sell at a given price over a certain period of time.

Resource Costs

The total expenses incurred in the production and acquisition of resources, including raw materials, labor, and capital.

Ceiling Price

The maximum price set by a government or regulatory body for essential goods, above which they cannot be sold to prevent exploitation.