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SCENARIO 8-13 The President of a University Is Concerned That Illicit Drug

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SCENARIO 8-13
The president of a university is concerned that illicit drug use on campus is higher than the 5% targeted level.A random sample of 250 students from a population of 2,000 revealed that 7 of them had used illicit drugs during the last 12 months.
-Referring to Scenario 8-13,using the 90% one-sided confidence interval,the president can be 95% confident that no more than 5% of the students at the university had used illicit drugs during the last 12 months.


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Minority Representation

The inclusion and representation of individuals from smaller or less dominant groups within a larger population, often in governance, organizations, or research.

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Payments made to shareholders from a company's earnings, reflecting the ownership interest in the corporation's profits.

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The right of existing shareholders to buy new shares before they are offered to the public, to maintain their proportionate ownership in the company.

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