The First Step in Estimating a Population Value for a Percentage

question 40

Multiple Choice

The first step in estimating a population value for a percentage is to ________.

• A)determine the sample percent
• B)determine q
• C)solve for the standard error of the percentage
• D)multiply the standard error value by the z value
• E)subtract the limit from p to obtain the lower boundary, then add the limit to p to obtain the upper boundary

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Definitions:

Customer Account

is a financial account that records the transactions, balance, and other financial interactions between a business and its customer.

Revenue Journal

A specialized accounting journal where a business records its revenue transactions.

Cash Sales

Transactions in which goods or services are exchanged for immediate payment in the form of cash or its equivalents.

Accounting System

An accounting system is a structured process of collecting, recording, summarizing, and reporting financial information of a business.