A Random Sample of 130 Mortgages in the State of Maryland

question 66

Multiple Choice

A random sample of 130 mortgages in the state of Maryland was randomly selected. From this sample, 14 were found to be delinquent on their current payment. The 98% confidence interval for the proportion based on this sample is ________.

• A) [0.044, 0.171]
• B) [0.036, 0.180]
• C) [0.029, 0.188]
• D) [0.015, 0.201]

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Definitions:

Void Contract

A contract that has no legal force or effect and cannot be enforced by either party.

Legal Obligations

Duties imposed by law requiring individuals or organizations to comply with legal standards and regulations.

Operation of Law

Changes in legal status or rights triggered automatically by law, not requiring action by individuals.

Courts

Institutions that interpret and apply the law to resolve disputes.