THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 68

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A sales representative has 398 accounts.From a random sample of 56 of these accounts,she found that the average yearly order was $1,239 with a standard deviation of $73,and that 27 had placed an order within the last 30 days.
-Find the 90% confidence interval for the proportion of all accounts that placed an order within the last 30 days.

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Definitions:

Violent Crime Statistics

Data that quantitatively measures the occurrences of actions deemed violent crimes, such as murder, assault, and robbery, often used to analyze trends over time.

Identity Theft

The fraudulent acquisition and use of a person's private identifying information, usually for financial gain.

Ethanol

A renewable fuel made from various plant materials, commonly used as an additive to gasoline to reduce emissions and increase octane.

Government Subsidized

Financial support provided by a government to individuals, organizations, or industries to encourage or protect economic activities deemed beneficial.