Examine the records of randomly selected students

Reference no: EM131813522

Question: In order to estimate the proportion of entering students who graduate within six years, the administration at a state university examined the records of 600 randomly selected students who entered the university six years ago, and found that 312 had graduated.

a. Give a point estimate of the six-year graduation rate, the proportion of entering students who graduate within six years.

b. Assuming that the sample is sufficiently large, construct a 98% confidence interval for the six-year graduation rate.

Reference no: EM131813522

Questions Cloud

Prepare the journal entries necessary at december : Prepare the journal entries necessary at December 31, 2012, to record the corrections and changes made to date related to the information provided

Estimate the minimum size sample required : An internet service provider wishes to estimate, to within one percentage point, the current proportion of all email that is spam, with 99.9% confidence.

The nasdaq composite index peaked at a level : In February of 2000 the NASDAQ Composite index peaked at a level of 4,688 ?(just before the Tech Bubble? popped).

Interest rates of your existing and potential new accounts : What is the difference in the effective interest rates of your existing and potential new accounts?

Examine the records of randomly selected students : In order to estimate the proportion of entering students who graduate within six years, the administration at a state university examined the records.

What should be the loss recognized from the sale of machine : The company has recorded monthly depreciation using the straight-line method. On March 1, 2023, the machine was sold for $12,000

Prepare a contribution format income statement for the year : Caltec, Inc., produces and sells recordable CD and DVD packs. Prepare a contribution format income statement for the year segmented by product lines

What are the two big financial concerns today : What are the 2 big financial concerns today? Assume your firm has multiple investments to consider each with differing risk levels.

The company uses the gross method to record its purchases : The company uses the gross method to record its purchases and sales on credit

User Account

All Pages