A Researcher Wants to Estimate the Proportion of a Population

question 70

Multiple Choice

A researcher wants to estimate the proportion of a population which possesses a given characteristic.A random sample of size 250 is taken and 40% of the sample possesses the characteristic.The 95% confidence interval to estimate the population proportion is ___.

• A)0.35 to 0.45
• B)0.34 to 0.46
• C)0.37 to 0.43
• D)0.39 to 0.41
• E)0.40 to 0.42

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Definitions:

Deferred Gain

A gain resulting from a business transaction that is recognized in financial statements in a period subsequent to the transaction.

Pension Expense

The total amount a business reports on its financial statements for contributions to pension plans for its employees.

Service Cost

The actual cost incurred to provide a service, including labor, materials, and overhead expenses.

Cumulative Unrecognized

Accumulated amounts of certain expenses or revenues that have not yet been recognized in a company's financial statements.