A University Dean Is Interested in Determining the Proportion of Students

question 144

Multiple Choice

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.The 95% confidence interval for Interpret this interval.

• A)We are 95% confident that the true proportion of all students receiving financial aid is between 0.52 and 0.66.
• B)95% of the students get between 52% and 66% of their tuition paid for by financial aid.
• C)We are 95% confident that between 52% and 66% of the sampled students receive some sort of financial aid.
• D)We are 95% confident that 59% of the students are on some sort of financial aid.

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Definitions:

Rule Of Reason

A legal doctrine used to interpret antitrust laws, focusing on the reasonableness of business practices and their effects on competition.

Price-Fixing

An agreement among competitors to raise, fix, or otherwise maintain the price at which their goods or services are sold, which is illegal under antitrust law.

Sherman Act

A landmark antitrust law passed in 1890 in the United States, designed to promote market competition by prohibiting monopolies, cartels, and other forms of anticompetitive conduct.

Criminally Convicted

Being criminally convicted means that an individual has been found guilty of a crime by a court of law, following a formal trial or plea agreement.