A Financial Analyst Is Interested in Estimating the Proportion of Publicly

Multiple Choice

A financial analyst is interested in estimating the proportion of publicly traded companies on the Toronto Stock Exchange that have cash balances of more than 10 percent of the total assets of the company. A random sample of 100 companies shows that 13 had cash balances of more than 10 percent of assets. The 90 percent confidence interval estimate is

A) 0.0747 to 0.1853
B) 0.0641 to 0.1959
C) -0.0870 to 0.1730
D) -0.0507 to 0.1494
E) -0.0412 to 0.1588