The Mean IQ Score of a Sample of 61 Students

question 38

Short Answer

The mean IQ score of a sample of 61 students selected from a high school is 87.Suppose the standard deviation of IQ's at this school is = 8.4.The 99% confidence interval for the population mean (rounded to two decimal places)is:

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Definitions:

Foreclosed

A legal process in which a lender takes possession of a property after the borrower fails to make mortgage payments.

Expected Revenue

The projected amount of money that a company anticipates receiving from sales or services within a certain period.

Reserve Price

The minimum price set by the seller that must be met or exceeded at an auction for the sale to proceed.

Profit

The financial gain made after all expenses have been deducted from total revenues.