A Random Sample of 340 People in Chicago Showed That

question 72

Multiple Choice

A random sample of 340 people in Chicago showed that 66 listened to WJKT-1450, a radio station in South Chicago Heights. Based on this information, what is the upper limit for the 95 percent confidence interval estimate for the proportion of people in Chicago that listen to WJKT-1450?

• A) 1.96
• B) Approximately 0.0009
• C) About 0.2361
• D) About 0.2298

---

Definitions:

Net Present Value (NPV)

NPV is a financial metric used in capital budgeting to assess the profitability of an investment or project, calculated as the difference between the present value of cash inflows and outflows.

Capital Budgeting

The process by which investors or company management evaluate and select long-term investments that are likely to yield positive returns.

Long-Term Effects

The lasting outcomes or impacts that result from a specific action or event, considered over an extended period of time.

Short-Duration

Describes investments or financial instruments that have a short time until maturity, typically less than one year.