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A University's Administrator Proposes to Do an Analysis of the Proportion

question 39

Multiple Choice

A university's administrator proposes to do an analysis of the proportion of graduates who have not found employment in their major field one year after graduation.In previous years,the percentage averaged 13%.He wants the margin of error to be within 4% at a 99% confidence level.What sample size will suffice? Use 2.575 as the critical value for a 99% confidence interval.

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Definitions:

Statement Of Owner's Equity

A financial statement that shows the changes in the ownership interest of a company over a period of time.

Balance Sheet

A balance sheet is a financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time.

Income Statement

A financial statement that reports a company's revenues and expenses over a specific period, resulting in a net profit or loss.

Asset Section

The asset section is part of a balance sheet that lists all assets owned by a company, including current, fixed, and intangible assets.

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