Examlex

Solved

A Statistician Selected a Sample of 16 Accounts Receivable and Determined

question 110

Short Answer

A statistician selected a sample of 16 accounts receivable and determined the mean of the sample to be $5,000 with a standard deviation of $400. He reported that the sample information indicated the mean of the population ranges from $4,739.80 to $5,260.20. He neglected to report what confidence coefficient he had used. Based on the above information, determine the confidence coefficient that was used. Assume the population has a normal distribution.


Definitions:

Histology Laboratory

A specialized facility for preparing and examining tissues under a microscope to study the structure and function of cells, often for medical diagnosis.

D&C

Dilation and curettage, a surgical procedure to remove tissue from the inside of the uterus.

Cervix

The lowest portion of the uterus that extends into the vagina.

Uterine Lining

The layer of tissue lining the inside of the uterus, which thickens during the menstrual cycle in preparation for potential pregnancy and sheds during menstruation if no pregnancy occurs.

Related Questions