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:

Inflation Rate

The proportionate escalation in prices for goods and services within an economy during a specified time period.

Technological Advance

The improvement or innovation in technology, which contributes to increased productivity, efficiency, and potentially new products or services.

E-commerce

Buying and selling on the Internet.

Discounters

Retailers or sellers that offer goods and services at lower prices by reducing overhead costs and margins, often leading to high volume sales.