A Sample of 51 Elements Is Selected to Estimate a 95

question 87

Multiple Choice

A sample of 51 elements is selected to estimate a 95% confidence interval for the variance of the population. The chi-square values to be used for this interval estimation are

• A)-1.96 and 1.96
• B)32.357 and 71.420
• C)34.764 and 67.505
• D)12.8786 and 46.9630

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Definitions:

OASDI

Old-Age, Survivors, and Disability Insurance, a comprehensive federal benefits program that provides retirement, disability, and survivor benefits.

Hospital Insurance

A type of insurance coverage that specifically covers the costs of hospital stays and associated medical services.

Withholding Allowance

Refers to an exemption that reduces how much income tax an employer deducts from an employee's paycheck.

Withholding Allowance

A determination for the amount of an employee's pay that should not be subject to income tax withholding, directly affecting their take-home pay.