It Is Known That 15 Percent of All College Freshmen $\left[ \begin{array} { l l } 236.45 & 273.55\end{array} ]\right.$

question 88

Multiple Choice

It is known that 15 percent of all college freshmen at Ivey University leave after their first year.Calculate the interval that contains 99.73 percent of the students who remain if we are looking at a random sample of 300 Ivey University freshmen.

• A) \(\left[ \begin{array} { l l }
• 236.45 & 273.55
• \end{array} ]\right.\)
• B) \(\left[ \begin{array} { l l }
• 26.45 & 63.55
• \end{array} \right]\)
• C) \(\left[ \begin{array} { l l }
• 110.25 & 369.75
• \end{array} \right]\)
• D) \(\left[ \begin{array} { l l }
• 38.82 & 51.18
• \end{array} \right]\)

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Definitions:

Prepaid Expenses

Costs that are paid in advance for goods or services, which are recognized as expenses over time as the benefits are received.

Employer Payroll Taxes

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FICA Taxes

Taxes imposed on both employees and employers to fund Social Security and Medicare, based on a percentage of payroll.

Federal Income Taxes

The taxes levied by the IRS on the annual earnings of individuals, corporations, trusts, and other legal entities.