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:

Operating Assets

Assets used in the day-to-day operations of a business, such as machinery, buildings, and equipment, that contribute to revenue generation.

Operating Costs

The expenses associated with the operation of a business, excluding costs associated with production.

Working Capital

The difference between a company’s current assets and current liabilities, indicating its short-term financial health and operational efficiency.

Net Present Value

A calculation used to assess the profitability of an investment, considering the present value of its future cash flows minus the initial investment.