A Decision Maker Is Interested in Estimating a Population Proportion

question 15

Multiple Choice

A decision maker is interested in estimating a population proportion. A sample of size n = 150 yields 115 successes. Based on these sample data, construct a 90% confidence interval estimate for the true population proportion.

• A) (0.714, 0.826)
• B) (0.717, 0.823)
• C) (0.737, 0.803)
• D) (0.750, 0.790)

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Definitions:

Disinherited

The act of intentionally preventing someone from receiving inheritance or property from a will or estate.

Entire Estate

Refers to all the assets owned by an individual at the time of their death, including property, investments, and personal belongings.

Validity

Validity refers to the extent to which a concept, conclusion or measurement is well-founded and likely corresponds accurately to the real world.

Witnesses

Individuals who have seen an event, especially a crime or a test, and can provide a first-hand account or testimony.