Use the Formula to Calculate the 95% Confidence Interval

question 100

Multiple Choice

Use the formula to calculate the 95% confidence interval for a sample of N = 22 with a mean = 9.51 and standard error of the mean = 1.25.

• A) 95% CI = 9.51 ± 2.15
• B) 95% CI = 9.51 ± 3.52
• C) 95% CI = 9.51 ± 2.59
• D) 95% CI = 9.51 ± 2.60

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Definitions:

Controller

A senior financial officer responsible for managing a company's accounting operations, including the production of periodic financial reports, maintenance of accounting records, and a comprehensive set of controls and budgets.

Accounts Receivable Balance

The cumulative sum of money that a company's customers owe for products or services that have been provided but remain unpaid.

Credit Manager

A professional responsible for managing a company's credit policies and ensuring customers meet their debt obligations.

Accounts Receivable Balance

The cumulative financial obligation customers have towards a company for goods or services received but not yet remunerated.