According to a Report in USA Today, More and More

question 113

Multiple Choice

According to a report in USA Today, more and more parents are helping their young adult children buy homes. You would like to construct a 90% confidence interval of the proportion of all young adults in Louisville, Kentucky, who received help from their parents in buying a home. How large a sample should you take so that the margin of error is no more than 0.06?

• A) n = 114
• B) n = 188
• C) n = 267
• D) Cannot be determined.

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Definitions:

Rationale

The underlying reason or logic behind a decision, practice, or theory.

Parent Entities

Companies that own enough voting stock in another company to control management and operations by influencing or electing its board of directors.

Consolidated Financial Statements

Financial reports that aggregate the financials of a parent company and its subsidiaries into one comprehensive document.

Equity Method

An accounting technique used to assess investments in which the investor has significant influence over the investee but does not exert full control.