A University Dean Is Interested in Determining the Proportion of Students

question 125

Short Answer

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.Use a 90% confidence interval to estimate the true proportion of students who receive financial aid.

Explain the role of antecedents and consequences in shaping behavior through operant conditioning.

Evaluate methods for reducing absenteeism and improving employee engagement.

Interpret the difference between rewards and reinforcers in the context of employee behavior.

Understand the concept and application of punishment in behavior management.

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Definitions:

Elastic Supply

A situation in which the supply of a good or service changes significantly in response to changes in price.

Labor Supply

Refers to the total hours that workers are willing and able to work at a given wage rate, in a given period.

Deadweight Loss

The drop in economic efficiency due to the inability or failure of a good or service to reach its equilibrium state.

Government Revenue

The total income received by the government from taxes, fees, and non-tax sources like government-owned enterprises and foreign aid.