A Random Sample of 64 SAT Scores of Students Applying

question 75

Multiple Choice

A random sample of 64 SAT scores of students applying for merit scholarships showed an average of 1400 with a standard deviation of 240. The 95% confidence interval for the population mean SAT score is

• A) 1340.06 to 1459.94.
• B) 1341.20 to 1458.80.
• C) 1349.93 to 1450.07.
• D) 1320.32 to 1479.68.

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Definitions:

Investment Projects

Initiatives undertaken by a business or organization to invest in assets or resources with the expectation of generating future profit.

Discount Rate

The interest rate used to discount future cash flows of a financial instrument to present value.

Lease Payments

Regular payments made for the use of an asset or property under a lease agreement.

Incremental Sales

The additional sales generated by a new marketing campaign, product launch, or any other business activity, over and above existing sales.