A Survey of an Urban University (Population of 25,450)showed That

question 50

Multiple Choice

A survey of an urban university (population of 25,450) showed that 870 of 1,100 students sampled supported a fee increase to fund improvements to the student recreation center. Using the 95% level of confidence,what is the confidence interval for the proportion of students supporting the fee increase?

• A)[0.767,0.815]
• B)[0.759,0.822]
• C)[0.771,0.811]
• D)[0.714,0.866]

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Definitions:

Binary Variable

A variable that has only two possible values, often represented as 0 and 1, used to denote presence or absence, success or failure, and similar dichotomies.

Optimal Solution

The most efficient, effective, or desirable solution to a problem or the best decision given the constraints.

Total Cash

The overall amount of liquid assets available to an individual or organization.

Price/demand Elasticity

A measure of how much the demand for a product changes in response to a change in its price.