Given That a Sample of Size 12 Was Taken from a Finite

question 88

Multiple Choice

Given that a sample of size 12 was taken from a finite population of 60 with a population standard deviation of 1.8,what would be the margin of error at a 95% level of confidence?

• A)±1.018
• B)±0.9186
• C)±12.22
• D)±0.4452

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Definitions:

Gaps

Refers to missing elements or disparities in data, knowledge, or performance that need to be addressed.

Slow Payments

Payments made by a debtor that are consistently made later than agreed upon terms, leading to delayed receipt of funds by the creditor.

Days' Cash

The average number of days a company takes to collect cash from its sales.

Fiscal Year

A 12-month period that a company or government uses for accounting purposes and preparing financial statements, which may not align with the calendar year.