A Major Department Store Chain Is Interested in Estimating the Mean

question 168

Multiple Choice

A major department store chain is interested in estimating the mean amount its credit card customers spent on their first visit to the chain's new store in the mall.Fifteen credit card accounts were randomly sampled and analyzed with the following results: = $50.50 and S = 20.Construct a 95% confidence interval for the mean amount its credit card customers spent on their first visit to the chain's new store in the mall assuming that the amount spent follows a normal distribution.

• A)$50.50 ± $9.09
• B)$50.50 ± $10.12
• C)$50.50 ± $11.00
• D)$50.50 ± $11.08

---

Definitions:

Hostile Tender Offer

An attempt to acquire a company against the wishes of its management and board by directly offering to buy the shares from the shareholders.

Cash

Cash is a medium of exchange in the form of physical currency, such as coins and banknotes.

Target Shareholders

Individuals or entities that own shares in a company that is the subject of a merger or acquisition proposal.

Self-Tender Offer

A takeover-resistance strategy in which a target corporation offers to buy its shareholders’ stock.