A Sample of 1,400 American Households Was Asked If They

question 36

Multiple Choice

A sample of 1,400 American households was asked if they planned to buy a new car next year. Of the respondents, 34% indicated they planned to buy a new car next year. Construct a 90% confidence interval of the proportion of American households who expect to buy a new car next year.

• A) [0.3152, 0.3648]
• B) [0.3192, 0.3608]
• C) [0.3394, 0.3406]
• D) [0.3354, 0.3446]

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Definitions:

Declaration

An official statement, announcement, or the act of revealing information explicitly.

Market Value

The current price at which an asset or service can be bought or sold in the market.

Large Stock Dividend

The distribution of a significant number of additional shares to existing shareholders, typically used to conserve cash while still providing a dividend.

Board of Directors

A group of individuals elected by shareholders responsible for overseeing the activities and strategic direction of a company.