A MonsterCom Pool of 3,057 Individuals Asked: "What's the Longest Vacation

question 46

Multiple Choice

A Monster.com pool of 3,057 individuals asked: "What's the longest vacation you plan to take this summer?" The following relative frequency distribution summarizes the results. The 99% confidence interval for the proportion of people who plan a one-week or two-week vacation this summer is ______.

• A) [0.563,0.603]
• B) [0.557,0.597]
• C) [0.563,0.597]
• D) [0.557,0.603]

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Definitions:

Decision-making Model

A structured approach to making choices among alternatives, often involving steps such as problem identification, alternative generation, and evaluation.

Special Order

A one-time customer order for a product or service, often requiring a unique set of specifications or considerations outside regular offerings.

Idle Capacity

Unused or underused production capability, which occurs when a business has more resources available than is required to maintain its current level of production.

Traced Costs

Direct costs, such as materials and labor, that can be directly linked to the production of specific products or services.