A Random Sample of 49 Statistics Examinations Was Taken

question 100

Multiple Choice

A random sample of 49 statistics examinations was taken. The average score, in the sample, was 84 with a variance of 12.25. The 95% confidence interval for the average examination score of the population of the examinations is

• A)76.00 to 84.00
• B)77.40 to 86.60
• C)83.00 to 85.00
• D)68.00 to 100.00

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Definitions:

Implicit Favorite

An unspoken preference or bias towards a particular option or choice in decision-making processes.

Escalation of Commitment

A psychological process whereby an individual continues to support a failing course of action due to cognitive biases, loss aversion, and sunk costs.

Decision-making Skills

The ability to evaluate information, consider alternatives, and choose the most appropriate course of action.

Subordinates

Employees or team members who report directly to a manager or leader within the organizational hierarchy.