Fifty Percent of All College Students Attend Schools Within 50

question 25

Multiple Choice

Fifty percent of all college students attend schools within 50 miles of their homes.In a sample of 500 college students from a city with 5000 college students,what is the probability that the sample proportion will be between 0.45 and 0.55?

• A) 0.4875
• B) 0.9818
• C) 0.4909
• D) 0.9750
• E) 0.5000

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Definitions:

Promissory Note

A financial instrument involving a written promise by one party to pay another a definite sum of money either on demand or at a specified future date.

Simple Interest

Interest calculated only on the original principal, not on the accumulated interest from previous periods.

Maturity Value

The amount payable to an investor at the end of a debt instrument's life, including both the principal and the interest.

Promissory Note

A financial document in which one party promises in writing to pay a determinate sum of money to another, either at a fixed or determinable future time or on demand.