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:

National Debt

The total amount of money that a country's government has borrowed, typically through issuing government bonds.

Publicly Held

Refers to a company whose shares are traded openly on the stock market, allowing public investors to buy and sell.

Tax Cuts

Reductions in the amount of taxes imposed by a governing body, typically aimed at stimulating economic growth or achieving other fiscal policy goals.

Crowding-In Effect

An economic concept where increased government spending leads to higher private sector investment, contrary to the crowding-out effect.