In Developing an Interval Estimate for a Population Mean, the Interval

question 2

Short Answer

In developing an interval estimate for a population mean, the interval estimate was 62.84 to 69.46. The population standard deviation was assumed to be 6.50, and a sample of 100 observations was used. The mean of the sample was: $\begin{array}{|l|l|}\hline\text { A. } & 56.34 . \\\hline \text { B. } & 62.96 . \\\hline \text { C. } & 13.24 . \\\hline \text { D. } & 66.15 .\\\hline\end{array}$

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Definitions:

Attainable

Something that can be achieved with effort, within the bounds of possibility.

Realistic

Pertaining to the accurate representation of the real world.

Timebound

Characterized by a specific duration or deadline within which a task or project must be completed.

Management by Objectives

A management strategy focusing on defining specific objectives that employees need to achieve within a set timeframe, followed by feedback on their performance.