A University Wants to Determine the Proportion of Students Who

question 112

Essay

A university wants to determine the proportion of students who use a cash card to pay at the university food service. Out of 100 students surveyed, 65 students use a cash card. What is the 95% confidence interval for the population proportion?

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Definitions:

Intermediate Goods

Products used as inputs in the production of final goods or services, not sold directly to consumers.

Migration

The movement of people from one place to another, often with the intent of settling temporarily or permanently in the new location.

Developing Countries

Refers to nations with lower living standards, undeveloped industrial bases, and low Human Development Index (HDI) relative to other countries.

Foreign Exchange

The conversion of one currency into another for the purpose of trade, travel, or investment in the global market.