A University Wants to Determine the Proportion of Students Who

question 71

Short Answer

A university wants to determine the proportion of students who use a cash card to pay at the university food service. Out of 100 students surveyed, 65 students use a cash card. What is the 95 percent confidence interval for the population proportion?

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Definitions:

Personal Selling

A direct marketing approach where salespeople use personal interaction to persuade potential customers to buy a product or service.

Word-of-Mouth

The process by which consumers share information and opinions about products or services, typically considered a powerful form of marketing.

Profit Margins

A financial metric that indicates the percentage of revenue that remains as profit after accounting for costs and expenses.

Sales

The exchange of goods or services for money, constituting a basic activity and measure of success for most businesses.