A Sample of 61 Elements Is Selected to Estimate a 95

question 51

Multiple Choice

A sample of 61 elements is selected to estimate a 95% confidence interval for the variance of the population. The chi-square values to be used for this interval estimation are

• A) 40.482 and 83.298.
• B) 32.357 and 71.420.
• C) 34.764 and 67.505.
• D) 43.188 and 79.082.

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Definitions:

Party to a Check

Individuals or entities involved in the transaction of a check, including the drawer, payee, and sometimes an endorser.

Maker

In financial terms, the party that creates or issues a promissory note or draft, committing to pay the specified amount.

Bank Statement

A record issued by a bank detailing all transactions in a depositor's account over a given period.

Depositor's Account

An account maintained by a bank or financial institution for the depositor, recording the amount of money deposited.