Instruction 8-16 the Registrar of a University Would Like to Estimate the Estimate

question 74

True/False

Instruction 8-16
The Registrar of a university would like to estimate the proportion of the student population who owns a personal computer. In a sample of 500 students, 417 own a personal computer.
-Referring to Instruction 8-16,the parameter of interest is the proportion of student population who own a personal computer.

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Definitions:

Annual Interest

The amount of interest due over the course of a year on a loan or financial investment.

Merchandise

Goods bought and sold in business operations, often referred to as stock or inventory.

Perpetual Inventory System

An inventory management approach where inventory levels are updated in real-time following each transaction.

Cash Payment

The act of settling a debt or purchasing an asset with cash, as opposed to using credit.