The Upper Limit of the 85% Confidence Interval for the Population

question 53

True/False

The upper limit of the 85% confidence interval for the population proportion p, given that n = 60 and = 0.20, is 0.274.

---

Definitions:

Simple Rate of Return

A measure of the gain or loss on an investment over a specific period, expressed as a percentage of the investment's initial cost.

Issued

Refers to the process of making something available or distributing it, commonly used in the context of financial instruments like stocks or bonds.

Revolving Line

A type of credit that does not have a fixed number of payments, in contrast to installment loans; credit is automatically renewed as debts are paid off.

Annual Interest Rate

The percentage of interest that is charged or earned on an investment or loan over the course of a year.