A Random Sample of 31 Sales Charge Showed a Sample

question 52

Multiple Choice

A random sample of 31 sales charge showed a sample standard deviation of $50. A 90% confidence interval estimate of the population standard deviation is

• A) 1715.101 to 4055.589.
• B) 1596.458 to 4466.679.
• C) 39.956 to 66.833.
• D) 41.393 to 63.684.

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Definitions:

Trade Credit

The purchase of goods from suppliers that do not demand payment immediately.

Persuasion

The act or process of influencing someone's beliefs, attitudes, or behaviors through argument, reasoning, or appeal.

Reminder

A prompt or signal designed to jog someone's memory about a task, event, or other commitment, often used in personal and professional settings to ensure timely actions.

Installment Account

A financial account that allows borrowing or the purchase of goods, with repayment made in predetermined, periodic amounts over time.