A University Dean Is Interested in Determining the Proportion of Students

question 7

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.If the dean wanted to estimate the proportion of all students receiving financial aid to within 3% with 99% reliability,how many students would need to be sampled?

• A)n = 1,844
• B)n = 1,784
• C)n = 1,503
• D)n = 1,435

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Definitions:

Private Market

A market where transactions are made between private entities without significant government intervention or regulation.

Common Resources

Resources that are available to all individuals, such as air or public parks, but are susceptible to overuse and depletion because they are not privately owned.

Bluefin Tuna

A species of tuna known for its size, speed, and value, especially in sashimi and sushi dishes.

Common Resource

A resource that is available to all users, but which can be depleted if overused, such as fisheries, clean air, and public parks.