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SCENARIO 8-12
The superintendent of a unified school district of a small town wants to make sure that no more than 5% of the students skip more than 10 days of school in a year.A random sample of 145 students from a population of 800 showed that 12 students skipped more than 10 days of school last year.
-Referring to Scenario 8-12,what is the upper bound of the 95% one-sided confidence interval for the proportion of students who skipped more than 10 days of school last year?
Transactions
The exchange of goods, services, or funds between two or more parties, forming the basis of accounting records.
Debit Credit
The two aspects of every financial transaction, where debit increases assets or expenses and credit increases liabilities, equity, or income.
Par Value
The nominal value of a bond, share of stock, or coupon as stated by the issuer, often used as a legal face value.
Common Stock
Holding shares in a company grants investors a portion of ownership, allowing them to vote on corporate matters and receive a portion of the profits via dividends.
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