Calculate the 95% Confidence Interval for a Sample of N

question 34

Multiple Choice

Calculate the 95% confidence interval for a sample of N = 21 with a mean = 73.51 and standard error of the mean = 2.97.

• A) 95% CI = 73.51 ± 6.20
• B) 95% CI = 73.51 ± 5.12
• C) 95% CI = 73.51 ± 8.45
• D) 95% CI = 73.51 ± 5.06

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Definitions:

Compounded Annually

Interest calculation method where the interest is added to the principal at the end of each year, and the total becomes the principal for the next year.

Company Expansion

The process of a company increasing its size, operations, or market presence, often through investment, acquisitions, or increasing its customer base.

Compounded Monthly

The process of calculating interest on both the initial principal and the accumulated interest of previous periods on a monthly basis.

Semi-Annually

A term referring to an event or action that occurs twice a year.