Discuss the Applications of Confidence Interval Estimation
Use the Table

question 50

Multiple Choice

Discuss the applications of confidence interval estimation
Use the table below to answer the following question(s) .
The historical data of Velvetta Inc., a healthcare products manufacturer, have shown that in a production process for filling bottles of shampoo, variance in the volume is constant; however, clogs in the filling machine often affect the mean volume. The historical standard deviation is 5 milliliters. In filling 250-milliliter bottles, a sample of 20 found a meanvolume of 242 milliliters. $$\begin{array} { | l | l | } \hline \text { Velvetta Inc. Shamp o0 } & \\\text { Production } & \\\hline \text { Alpha Vahe } & 0.05 \\\hline \text { Standard Deviation } & 5 \\\hline \text { Sample Size } & 20 \\\hline \text { Sample Mean } & 242 \\\hline\end{array}$$
-From the table above, calculate the lower confidence interval estimate at a confidence level of 95%

• A) 239.49
• B) 240.16
• C) 239.81
• D) 240.04

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Definitions:

Modification Costs

Expenses incurred to alter or upgrade a product, process, or system within an organization.

Diversity Management

Strategies and practices aimed at creating a positive work environment where the differences of all employees are recognized and valued.

Career Management

A series of formal and less formal activities designed and managed by the organization to influence the career development of one or more employees.

Inclusion Training Programs

Training initiatives aimed at educating employees on the importance of embracing diversity and fostering an inclusive workplace.