A Random Sample of 225 Items from a Population Results

question 17

Multiple Choice

A random sample of 225 items from a population results in 60% possessing a given characteristic.Using this information, the researcher constructs a 99% confidence interval to estimate the population proportion.The resulting confidence interval is _______.

• A)0.54 to 0.66
• B)0.59 to 0.61
• C)0.57 to 0.63
• D)0.52 to 0.68
• E)0.68 to 0.76

---

Definitions:

Net Revenues

The amount of income that remains after subtracting all expenses, taxes, and costs related to the revenue-generating activities.

Single-Price

A pricing strategy where a product or service is sold at the same price to all customers in all markets.

Buyer Demand

The desire and willingness of consumers to purchase a particular good or service at a given price.

Buyer Income

The financial resources available to a consumer, which influence the person's ability to make purchases within the market.