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:

Rent

Payment to resource owners for the use of their natural resources.

Resource Markets

Marketplaces where productive resources (like labor, capital, and raw materials) are bought and sold.

Product Markets

Markets where final goods or services are offered to consumers, businesses, and the government.

Economic Decision Makers

Individuals or entities that make choices regarding the allocation of resources and the consumption of goods and services.