Use the Following to Answer Questions

question 77

Short Answer

Use the following to answer questions :
A random sample of 29 workers selected from a large company produced a variance of their weekly earnings equal to 8124.Assume that the population is normally distributed.
-Based on this sample,the 95% confidence interval for the variance of the weekly earnings of all of this company's employees,rounded to three decimal places,is:

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Definitions:

Cash Basis

An accounting method where revenues and expenses are recorded when cash is received or paid, not when they are incurred.

Property, Plant, Equipment

Tangible assets owned by a company used in operations and not intended for resale, such as buildings, machinery, and vehicles.

Cash Dividends

Distributions of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders in the form of cash.

Balance Sheet

A financial statement that summarizes a company’s assets, liabilities, and shareholders' equity at a specific point in time, providing a snapshot of its financial condition.