It Is Known That the Population Variance (σ²) Is 125

question 17

Multiple Choice

It is known that the population variance (σ²) is 125. At 95% confidence, what sample size should be taken so that the margin of error does not exceed 3?

• A) 52
• B) 53
• C) 54
• D) 55

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Efficiency

The ratio of the output produced to the input used in the production process, indicating how well resources are utilized.

Flexibility

The ability of a company to adapt quickly to changes in the market environment, production demands, or customer needs.

Process Redesign

The fundamental rethinking of business processes to bring about dramatic improvements in performance.

Departmental Areas

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