In Order to Determine How Many Hours Per Week Freshmen

question 79

Short Answer

In order to determine how many hours per week freshmen college students watch television, a random sample of 256 students was selected. It was determined that the students in the sample spent an average of 14 hours with a standard deviation of 3.2 hours watching TV per week.
a.Provide a 95% confidence interval estimate for the average number of hours that all college freshmen spend watching TV per week.
b.Assume that a sample of 62 students was selected (with the same mean and the standard deviation). Provide a 95% confidence interval estimate for the average number of hours that all college freshmen spend watching TV per week.

---

Definitions:

Analytical Tool

A method or device used to analyze data or information, often to identify patterns or insights.

Fundamental Investors

Investors who analyze a company’s financial fundamentals, such as earnings, revenues, and assets, before making investment decisions, typically with a long-term perspective.

Undervalued Stocks

Undervalued stocks are shares that are being sold for below their true intrinsic value, often making them attractive to investors looking for bargains.

Cost Of Capital

The rate of return that a company must pay to its creditors and shareholders for the use of their funds.