THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 116

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The data shown below specify how much a sample of 20 executives paid in federal income taxes,as a percentage of gross income,are reproduced below.

Assume that the standard deviation for the underlying population is equal to 4.0.
-Closed caption movies allow the hearing impaired to enjoy the dialogue as well as the acting.A local organization for the hearing impaired people of the community takes a random sample of 100 movie listings offered by the cable television company in order to estimate the proportion of closed caption movies offered.They observed that 14 movies were closed caption.The cable television company says at least 5% of the movies shown are closed captioned.Prepare a 90% confidence interval for the true proportion P and comment on the cable television company's claim.

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Definitions:

Equilibrium

A market scenario where demand and supply are balanced, resulting in steady prices.

High Quality

Describes products or services that meet or exceed customer expectations, characterized by superior craftsmanship, durability, and performance.

Low Quality

Indicates products or services that do not meet the expected standards or performance criteria.

Equilibrium

A state in economics where supply equals demand, leading to a stable market condition.