If You Were Constructing a 99% Confidence Interval of the Population

question 137

Multiple Choice

If you were constructing a 99% confidence interval of the population mean based on a sample of n=25 where the standard deviation of the sample s = 0.05, the critical value of t will be

• A) 2.7969.
• B) 2.7874.
• C) 2.4922.
• D) 2.4851.

---

Definitions:

Corporate Social Responsibility

A business strategy that ensures a company is responsible to its stakeholders, itself, and the public in a social context.

Capital Investments

Funds used by a firm to purchase, upgrade, and maintain physical assets such as property, industrial buildings, or equipment.

Scorecard Cascading

The use of multiple scorecards, with scorecards divided into smaller, division- and job-specific scorecards so that all individuals throughout a company support the overriding strategy of the company.

Decentralized Corporation

A business structure where decision-making is distributed among various managers and departments, rather than being concentrated at the top level.