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

---

Definitions:

Factoring Accounts Receivable

A financial transaction where a business sells its accounts receivable to a third party at a discount, in order to obtain immediate cash flow.

Face Value

The nominal value or original monetary worth of a security or financial instrument as stated by the issuer.

Self-Liquidating Loans

Loans that are structured to be paid off through the cash flow generated by the project or asset they are used to finance.

Commercial Finance Companies

Financial institutions that provide loans to businesses, typically for equipment purchases or other capital needs, often secured by the assets being financed.