Whenever Using the T Distribution in Interval Estimation, We Must

question 21

Multiple Choice

Whenever using the t distribution in interval estimation, we must assume that _____.

• A) the sample size is less than 30
• B) a random sample was selected
• C) the population is approximately normal
• D) the finite population correction factor is necessary

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Definitions:

Marginal Cost

The cost incurred from producing one additional unit of a product or service.

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A market in which asset prices fully reflect all available information.

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Situations or circumstances where businesses can generate earnings that are above the normal expected returns.