A Random Sample of 100,000 Credit Sales in a Department

question 39

Multiple Choice

A random sample of 100,000 credit sales in a department store showed an average sale of $87.25. From past data, it is known that the standard deviation of the population is $20.00. With a .95 probability, determine the margin of error.

• A) .000392
• B) 39.2
• C) .124
• D) .0276

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Definitions:

Unenforceable

A term that describes a contract or clause that cannot be legally enforced or compelled in court.

Usurious Interest

refers to the charging of excessively high or illegal rates of interest on loans.

Forfeit

To lose or give up something as a penalty for wrongdoing or failure to comply with certain conditions.

Legitimate Interest

A recognized reasonable ground that an organization may have for processing personal data without needing consent under certain data protection laws.