THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 12

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A researcher is interested in determining the percentage of all households in the U.S.that have more than one home computer.In a survey of 492 households,27% indicated that they own more than one home computer.
-The researcher reports a confidence interval of 0.2312 to 0.3096 but neglects to tell you the confidence level.What is the confidence level associated with this interval?

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Definitions:

Average Sale Period

The average time it takes for a company to sell its inventory, often used to assess the efficiency of sales operations.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, presenting its financial performance and position over a defined period.

Current Ratio

A financial metric indicating a firm's capability to settle short-term debts, determined by dividing its current assets by its current liabilities.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a basis for computing rates of return and evaluating its capital structure.