A Random Sample of 225 Items from a Population Results

question 63

Multiple Choice

A random sample of 225 items from a population results in 60% possessing a given characteristic.Using this information, the researcher constructs a 90% confidence interval to estimate the population proportion.The resulting confidence interval is _______.

• A)0.546 to 0.654
• B)0.536 to 0.664
• C)0.596 to 0.604
• D)0.571 to 0.629
• E)0.629 to 0.687

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Definitions:

Cash Conversion

The process of turning physical goods, services, or other assets into cash, often measuring the efficiency of a company in generating revenue.

Credit Policies

Guidelines set by businesses to determine the terms and conditions for extending credit to customers.

Working Capital Policy

A strategy relating to managing a firm's short-term assets and liabilities with the objective of maintaining sufficient liquidity to carry out operations smoothly.

Top Management

The highest level of managers and executives who have the day-to-day responsibilities of managing a company or corporation, making strategic decisions.