There Are 2,000 Eligible Voters in a Precinct

question 13

Multiple Choice

There are 2,000 eligible voters in a precinct. A total of 500 voters are randomly selected and asked whether they plan to vote for the Democratic incumbent or the Republican challenger. Of the 500 surveyed,350 said they would vote for the Democratic incumbent. Using the 0.99 confidence coefficient,what are the confidence limits for the proportion that plan to vote for the Democratic incumbent?

• A)0.647 and 0.753
• B)0.612 and 0.712
• C)0.397 and 0.797
• D)0.826 and 0.926

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Definitions:

Investment Project

An undertaking that involves allocating resources like capital and labor to generate financial returns or achieve strategic goals.

Payback Method

A capital budgeting technique that estimates the time required to recoup the initial investment in a project.

Cash Flows

The inflows and outflows of cash and cash equivalents, representing the operating, investing, and financing activities of an entity.

Net Present Value

The difference between the present value of an investment project’s cash inflows and the present value of its cash outflows.