THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 20

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The faculty advisor for the finance society at a local business school is interested in determining the proportion of finance students going on a field trip.The advisor samples some students from each class and computes the sample proportion for each class.

-A simple random sample of 400 from a total 1,400 colleges in the United States contains 45 colleges that charge a technology fee in addition to the tuition fee.Find a 95% confidence interval for the proportion of all colleges charging a technology fee.

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Definitions:

Software Licenses

Legal agreements that grant users the right to use software according to specific terms and conditions.

Firms

Businesses or organizations engaged in commercial, industrial, or professional activities.

Software

Software refers to a collection of data or computer instructions that tell the computer how to work. This is in contrast to physical hardware, from which the system is built and actually performs the work.

Instructions

Directions or commands that are given to a computer or program to perform specific operations or tasks.