When Calculating a Confidence Interval for the Mean Using a Sample

question 76

Multiple Choice

When calculating a confidence interval for the mean using a sample size of 30 or more with a known population standard deviation, the _______ is used.

• A)Poisson distribution
• B)normal distribution
• C)Student's t-distribution
• D)binomial distribution

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Definitions:

Market Share

Percentage of a market accounted for by a specific entity.

Mass Marketing

A marketing strategy that aims to appeal to a wide audience by using mass media and other broad communication techniques to promote products or services.

Value Proposition

A business or marketing statement that summarizes why a consumer should buy a product or use a service.

Customer Needs

The essential requirements and desires that consumers want to satisfy with a product or service.