Professor York Randomly Surveyed 240 Students at Oxnard University and Found

question 35

Multiple Choice

Professor York randomly surveyed 240 students at Oxnard University and found that 150 of the students surveyed watch more than 10 hours of television weekly. How many additional students would Professor York have to sample to estimate the proportion of all Oxnard University students who watch more than 10 hours of television each week within ± 3 percent with 99 percent confidence?

• A)761
• B)1001
• C)1489
• D)1728

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Definitions:

Stock Indices

Aggregated measures that track the performance of a basket of stocks, representing a specific market or sector, to gauge market trends.

Canadian Stock Market

The financial market in Canada where securities are bought and sold, including the Toronto Stock Exchange and the TSX Venture Exchange.

Underpricing

The practice of setting the initial offering price of a security, typically shares, below its market value, which often leads to a first-day surge in its stock price.

IPO

Initial Public Offering, the process by which a private company becomes publicly traded by offering its shares for the first time to the public.