Examlex

Solved

A University Dean Is Interested in Determining the Proportion of Students

question 125

Short Answer

A university dean is interested in determining the proportion of students who receive some sort of financial aid.Rather than examine the records for all students,the dean randomly selects 200 students and finds that 118 of them are receiving financial aid.Use a 90% confidence interval to estimate the true proportion of students who receive financial aid.


Definitions:

Bargaining Power

The relative capacity of parties in a situation to exert influence over each other, especially in negotiations to dictate terms and conditions.

Multivariate

Relating to or involving multiple variables to analyze complex relationships and effects in statistical or mathematical models.

Optimum Performance

The highest level of efficiency and effectiveness that an individual or organization can achieve under specified conditions.

Year-to-Year Comparison

An analysis method comparing financial or operational performance of a company between two or more consecutive years to assess growth or decline.

Related Questions