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

question 19

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, the president can be 90% confident that no more than 1% of the students at the university had cheated on an exam during the last semester.

---

Definitions:

Bond Prices

The amount of money investors are willing to pay for existing bonds, influenced by interest rates, credit quality, and time to maturity.

Non-amortizable Debt

Debt that does not require regular principal payments over its life; interest may be paid periodically, but the principal is repaid at maturity.

Repayment

The act of paying back money previously borrowed from a lender.

Semiannually

Occurring or done twice a year, typically every six months.