TABLE 8-12 The President of a University Is Concerned That the Percentage

question 70

True/False

TABLE 8-12
The president of a university is concerned that the percentage of students who have cheated on an exam is higher than the 1% acceptable level. A confidential random sample of 1,000 students from a population of 7,000 revealed that 6 of them said that they had cheated on an exam during the last semester.
-Referring to Table 8-12, using the 90% one-sided confidence interval, the president can be 95% confident that no more than 1% of the students at the university had cheated on an exam during the last semester.

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Definitions:

Snowmobile

A motorized vehicle designed for travel over snow, usually on runners with a treaded rear allowing for propulsion across snow-covered terrains.

Floating Charge

A debt security issued by a corporation in which assets of the corporation, such as stock-in-trade, are pledged as security. Until such time as default occurs, the corporation is free to dispose of the assets.

Creditor

An entity or person to whom money is owed by a debtor.

Inventories

The total amount of goods and materials held by a company for the purpose of sale or production.