Question 46 of 50 • EHS Content Recovery - Probability and Statistics - Part D
The proportion of customers who pay their credit card bill on time is 84%. Administrators at a large university believe less than 84% of the students enrolled pay their credit card bill on time. The 95% confidence interval for the true proportion of students enrolled in this university who pay their credit card bill on time is (0.791, 0.839). Is it reasonable to believe the true proportion of students at this university who pay their credit card bill on time is less than 84%?
Answer
A
Yes, because the entire interval is less than 0.84.
B
Yes, because the center of the interval is 0.815, which is less than 0.84.
C
No, because 0.84 is not in the interval.
D
No, because the true proportion cannot be determined.