Calculate the Lower and Upper Limits of the 95% Confidence

question 103

Multiple Choice

Calculate the lower and upper limits of the 95% confidence interval for a sample of N = 25 with a mean = 4.06 and standard error of the mean = .27.

• A) (3.50, 4.62)
• B) (3.60, 4.52)
• C) (3.30, 4.82)
• D) (1.73, 6.39)

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Definitions:

Preexisting Duty

An obligation that one party is already legally required to perform and cannot be used as consideration for a new contract.

Consideration

In contract law, consideration refers to something of value exchanged between parties as part of an agreement.

Preexisting Duty

A duty that already exists under contract law, which cannot be used as consideration for a new promise or contract.

Contract

A legally enforceable agreement between two or more parties with mutual obligations.