Local Government Officials Are Interested in Knowing If Taxpayers Are

question 70

Multiple Choice

Local government officials are interested in knowing if taxpayers are willing to support a school bond initiative that will require an increase in property taxes. A random sample of 750 likely voters was taken. Four hundred fifty of those sampled favored the school bond initiative. The 95% confidence interval for the true proportion of voters favoring the initiative is ________.

• A)[0.541,0.639]
• B)[0.400,0.600]
• C)[0.500,0.700]
• D)[0.565,0.635]

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Definitions:

Contribution Margin

The difference between sales revenue and variable costs, indicating how much revenue contributes to covering fixed costs and generating profit.