THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 37

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The sales manager for a hardware wholesaler finds that 229 of the previous 500 calls to hardware store owners resulted in new product placements.Assume that the 500 calls represent a random sample.
-Give a careful verbal interpretation of the 95% confidence interval for the long-run proportion of new product placements.

---

Definitions:

Authorized

Authorized typically refers to something that has been officially approved or given permission by a relevant authority or governing body.

Issued

The term refers to securities or other financial instruments that have been made available for sale and distribution to the public.

Subscribed

The process or condition of committing to an offering of securities by an investor, or a commitment to a service or publication.

Outstanding

Refers to something that is still due, unresolved, or remaining to be paid or completed.