In Order to Estimate the Average Time Spent Per Student

question 76

Multiple Choice

In order to estimate the average time spent per student on the computer terminals at a local university, data were collected for a sample of 81 business students over a one-week period.Assume the population standard deviation is 1.8 hours.With a .95 probability, the margin of error is approximately

• A) .39.
• B) 1.96.
• C) .20.
• D) 1.64.

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Definitions:

Real Rate

The real rate is the rate of interest an investor expects to receive after allowing for inflation, essentially reflecting the real cost of funds to the borrower and the real yield to the lender.

Spot Exchange Rate

The current exchange rate at which a currency can be bought or sold for immediate delivery.

Yen

The official currency of Japan, commonly used in international finance as one of the world's major currencies.

Spending Money

Funds allocated for personal, discretionary use, typically for purchases outside of essential living expenses.