A Local Planning Commission Is Interested in Finding Out What

question 41

Multiple Choice

A local planning commission is interested in finding out what proportion of its city's residents is opposed to constructing a new baseball stadium in the downtown area. A random sample of 1870 residents is obtained, and 41.2 percent of them are opposed to the stadium.
The commission is 95 percent confident that between _____ of the city's residents are opposed to constructing a new baseball stadium in the downtown area.

• A) 1867.7 and 1872.3
• B) 41.187 percent and 41.223 percent
• C) 38.9 percent and 43.5 percent
• D) 41.2 percent and 58.8 percent

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Definitions:

Accounts Payable

Liabilities of a business that are due to be paid to creditors within a short period of time, typically less than one year.

General Journal

A comprehensive accounting ledger that records all types of financial transactions before they are posted to more specific accounts.

General Journal

A primary accounting record used to record all types of transactions in chronological order before they are posted to individual accounts.

Unearned Items

Revenues received by a company for which the goods or services have not yet been provided or completed.