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:

Continuous Growth

Refers to the exponential expansion of a variable at a constant growth rate over a period of time.

Innovative Securities

Financial instruments that have been newly created or structured in a novel way, often to meet specific investment or financing needs.

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Individuals or institutions that work with borrowers to complete mortgage transactions, originating loans.

Periodic Payments

Payments made or received regularly over a designated period of time, often found in loans or annuities.