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question 31

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Use the following information to answer the question. Many couples believe that it is getting too expensive to host an "average" wedding in the United States. According to the website HYPERLINK "http://www.costofwedding.com/" www.costofwedding.com, the average cost of a wedding in the U.S. in 2009 was $24,066. Recently, in a random sample of 40 weddings in the U.S. it was found that the average cost of a wedding was $23,224, with a standard deviation of $2,903. On the basis of this, a 95% confidence interval for the mean cost of weddings in the U.S. is $22,296 to $24,152.
-For this description, which of the following does not describe a condition for a valid confidence interval?


Definitions:

Treasury Bond

A Treasury bond is a long-term, fixed interest rate debt security issued by the U.S. government with a maturity of more than 10 years.

Price-Earning Ratio

A financial ratio that measures the market value of a stock compared to its earnings per share, indicating the relative value of a company's shares.

Exercise Chain

A network or franchise of facilities dedicated to physical fitness and exercise.

Accounting Costs

Expenses recognized and recorded in financial statements, including cost of goods sold, operating expenses, and taxes.

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