A Random Sample of 144 Observations Has a Mean of 20

question 77

Multiple Choice

A random sample of 144 observations has a mean of 20, a median of 21, and a mode of 22. The population standard deviation is known to equal 4.8. The 95.44% confidence interval for the population mean is _____.

• A) 15.2 to 24.8
• B) 19.2 to 20.8
• C) 19.216 to 20.784
• D) 21.2 to 22.8

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Definitions:

Marginal Utility

The added enjoyment or advantage gained by using one more unit of a good or service.

Marginal Utility

The additional satisfaction or benefit received by consuming one more unit of a good or service.

Total Utility

The overall pleasure gained through consuming a certain volume of goods or services.

Scented Candles

Fragranced candles that release a pleasant aroma when lit, often used for decoration, lighting, or to create a calming atmosphere.