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TABLE 8-10
A university wanted to find out the percentage of students who felt comfortable reporting cheating by their fellow students. A survey of 2,800 students was conducted and the students were asked if they felt comfortable reporting cheating by their fellow students. The results were 1,344 answered "yes" and 1,456 answered "no".
-Referring to Table 8-10, we are 99% confident that the total numbers of the student population who feel comfortable reporting cheating by their fellow students is between 0.4557 and 0.5043.
Economy
A social institution that determines how a society produces, distributes, and consumes goods and services.
Produces
Creates or manufactures goods or outcomes through a process of effort or operation.
Distributes
refers to the process of giving or delivering something to a number of recipients, spreading items or resources evenly or according to a plan.
Consumes
To utilize something as a resource, often referring to the act of eating or drinking, but can also mean the usage of goods, services, or information.
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