THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 48

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A sales representative has 425 accounts.From a random sample of 60 of these accounts,she found that the average yearly order was $1,250 with a standard deviation of $70.She also found that 28 out of 60 in the sample have placed an order in the last four weeks.
-Find the 90% confidence interval for the proportion of all accounts that placed an order within the last four weeks.

• A)0.467 ± 0.412
• B)0.467 ± 0.266
• C)0.467 ± 0.838
• D)0.467 ± 0.120

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Definitions:

Current Liabilities

A company's debts or obligations that are due to be paid to creditors within one year.

Working Capital

The gap between a firm's current assets and current liabilities, signifying its short-term financial stability and operational effectiveness.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year.

Capital Lease

A lease agreement that has the characteristics of a purchase by the lessee, including transfer of ownership by the end of the lease term.