According to a Report in USA Today, More and More

question 104

Multiple Choice

According to a report in USA Today, more and more parents are helping their young adult children get homes. Suppose eight persons in a random sample of 40 young adults who recently purchased a home in Kentucky received help from their parents. You have been asked to construct a 95% confidence interval for the population proportion of all young adults in Kentucky who received help from their parents. What is the margin of error for a 95% confidence interval for the population proportion?

• A) 1.645(0.0040)
• B) 1.645(0.0632)
• C) 1.96(0.0040)
• D) 1.96(0.0632)

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Definitions:

Exercise

Physical activities that are performed in order to maintain or improve fitness and health.

Hours

Units of time equal to 60 minutes, commonly used to measure the duration of activities or to record time.

Retirement Ages

The ages at which individuals are typically expected or allowed to cease full-time employment and receive pension benefits.

GPA

An acronym for Grade Point Average, which is a numerical representation of a student's academic performance, averaged over a certain period.