A College Believes That 28% of Applicants to That School

question 65

Multiple Choice

A college believes that 28% of applicants to that school have parents who have remarried.How large a sample is needed to estimate the true proportion of students who have parents who have remarried to
Within 3% with 95% confidence?

• A)287
• B)861
• C)1292
• D)1464

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Definitions:

Accounts Payable

Amounts a company owes to suppliers or creditors for goods and services received but not yet paid for, recorded as a liability.

Supplies

Items that are used in the day-to-day operation of a business but do not directly relate to the goods or services sold.

Balance Sheet

A financial statement that provides a snapshot of what a company owns (assets), owes (liabilities), and the value of shareholders' equity at a specific point in time.

Financial Status

Financial status refers to the current financial condition of an individual or entity, characterized by factors like liquidity, solvency, and overall financial health.