Examlex

Solved

An Experiment Was Conducted to Determine the Effectiveness of a Method

question 43

Multiple Choice

An experiment was conducted to determine the effectiveness of a method designed to remove oil wastes found in soil.Three contaminated soil samples were treated.After 95 days,the percentage of contamination removed from each soil sample was measured,with a mean of 49.3 percent and a standard deviation of 1.5 percent.If we wished to narrow the boundary around μ for a 98 percent confidence interval to within 0.5 percent,how many soil samples should be in our experiment.


Definitions:

Common Stock Dividends Distributable

A liability recognized on a company's balance sheet for dividends declared on common stock that have not yet been paid to shareholders.

Income Statements

Financial statements that show a company's revenue, expenses, and profit over a specific period.

Proprietorships

A type of business entity that is owned and run by one individual and where there is no legal distinction between the owner and the business.

Income Tax Expense

The amount of money a company is obligated to pay in income taxes, based on its taxable income for a specific period.

Related Questions