A University Dean Is Interested in Determining the Proportion of Students

question 182

Multiple Choice

A university dean is interested in determining the proportion of students who receive some sort of financial aid.Rather than examine the records of all students,the dean randomly selects 200 students and finds that 118 of them are receiving financial aid.The 95% confidence interval for π is 0.59 ± 0.07.Interpret this interval.

• A) We are 95% confident that 59% of the students are on some sort of financial aid.
• B) We are 95% confident that the true proportion of all students receiving financial aid is between 0.52 and 0.66.
• C) 95% of the students get between 52% and 66% of their tuition paid for by financial aid.
• D) We are 95% confident that between 52% and 66% of the sampled students receive some sort of financial aid.

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Definitions:

Merchant Customer

A consumer who has a commercial relationship with a business or merchant, typically involving the purchase of goods or services.

Dispatch

The act of sending something or someone to a specific destination or for a certain purpose.

Acceptance

The act of agreeing to receive something offered or the acknowledgment of a new contractual proposal.

Predominant-Purpose Test

A legal test used to determine the primary objective or nature of a contract when it serves multiple purposes, impacting enforcement and interpretation.