Instruction 8-10 the Registrar of a University Would Like to Estimate the Estimate

question 121

True/False

Instruction 8-10
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 8-10,we are 99% confident that the average numbers of student population who own a personal computer is between 0.7911 and 0.8769.

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Definitions:

Productive Efficiency

Achieved when goods or services are produced at the lowest possible cost and utilizing resources in the best way possible.

Average Total Cost

The total cost of production divided by the quantity of output produced, showing the average cost per unit.

Technological Advance

Progress in technology that often leads to improvements in efficiency, productivity, and the development of new products.

Venture Capital

Financing that investors provide to startup companies and small businesses that are believed to have long-term growth potential.