TABLE 8-8 the President of a University Would Like to Estimate the Estimate

question 77

Short Answer

TABLE 8-8
The president of a university would like to estimate the proportion of the student population that owns a personal computer. In a sample of 500 students, 417 own a personal computer.
-Referring to Table 8-8, a 99% confidence interval for the proportion of the student population who own a personal computer is from ________ to ________.

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Definitions:

Variable Administrative Expenses

Costs that change in proportion to the activity of a business.

Incremental Manufacturing Cost

The additional cost incurred to produce an additional unit of a product.

Production Increase

An increment in the amount of products manufactured by a company during a specified period.

Differential Cost

The difference in total cost that will result from selecting one alternative over another in decision-making.