A random sample of size 15 is taken from a population assumed to be normal,and ![A random sample of size 15 is taken from a population assumed to be normal,and = 1.2 and s = .6.Calculate a 98 percent confidence interval for μ. A) [.675,1.725] B) [.794,1.606] C) [.876,1.524] D) [.882,1.518]](https://d2lvgg3v3hfg70.cloudfront.net/TB1736/11eb06d7_55ee_2e8b_8177_0746b3130477_TB1736_11.jpg)
= 1.2 and s = .6.Calculate a 98 percent confidence interval for μ.
Definitions:
Weighted Average Method
A cost accounting method that calculates the cost of goods sold and ending inventory based on the weighted average cost of all items available for sale.
Lotions and Cosmetic Manufacturer
A type of business that specializes in producing health and beauty products, including creams, lotions, and makeup.
Job Order Cost System
An accounting system used to track the costs related to a specific job or batch of goods.
Process Cost System
An economic tracking system utilized for attributing costs to analogous products manufactured in large quantities and in a steady flow.
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