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The Chimpanzee Sultan Used a Short Stick to Pull a Longer

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The chimpanzee Sultan used a short stick to pull a longer stick that was out of reach into his cage. He then used the longer stick to reach a piece of fruit. Researchers hypothesized that Sultan's discovery of the solution to his problem was the result of

Understand how to construct a confidence interval for a population proportion.
Grasp the relationship between sample size, confidence level, and margin of error.
Understand the concepts of standard error and margin of error.
Learn how to apply confidence intervals to real-world scenarios.

Definitions:

Excise Tax

A tax levied on specific goods, services, or transactions, often based on quantity purchased rather than value, such as taxes on cigarettes, alcohol, and fuel.

Excise Tax

A tax imposed on specific goods or services at purchase such as gasoline, tobacco, and alcohol.

Highly Inelastic

Describes a situation where the demand or supply for a good or service is hardly affected when the price changes.

Highly Elastic

Describes a situation where the demand or supply of a product changes significantly in response to changes in price.

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