Calculate the Lower and Upper Limits of the 95% Confidence

question 93

Multiple Choice

Calculate the lower and upper limits of the 95% confidence interval for a sample with a mean = 12.67 and a population standard error of the mean = .98.

• A) (11.06, 14.28)
• B) (10.75, 14.59)
• C) (10.39, 14.95)
• D) (10.15, 15.19)

---

Definitions:

Capital Balances

The amount of money that members or partners have invested in a business, reflecting their ownership interest.

Noncash Assets

Assets owned by a business or individual that are not in the form of cash but can be converted into cash within a year, such as inventory, bonds, or property.

Capital Account

An account showing the net worth of a business, influenced by owner's contributions, withdrawals, and the business's earnings or losses.

Partners' Equity

The interest or claim that partners have in the assets of a business, equal to the total assets minus liabilities and other equities.