A University Dean Is Interested in Determining the Proportion of Students

question 133

Multiple Choice

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. The 95% confidence interval for π is 0.59 ± 0.07. Interpret this interval.

• A) We are 95% confident that the true proportion of all students receiving financial aid is between 0.52 and 0.66.
• B) 95% of the students get between 52% and 66% of their tuition paid for by financial aid.
• C) We are 95% confident that between 52% and 66% of the sampled students receive some sort of financial aid.
• D) We are 95% confident that 59% of the students are on some sort of financial aid.

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Definitions:

Support Departments

Units within an organization that provide essential services or support to the primary production or operational departments.

Production Departments

Departments within a company responsible for the manufacturing or production of goods.

Support Departments

Units within an organization that provide essential services but do not directly contribute to the production of goods or services sold.

Support Department Costs

Expenses incurred by departments that do not directly produce goods or services but provide essential support to production departments.