A Random Sample of 17 Hotels in Boston Had an Average

question 42

Multiple Choice

A random sample of 17 hotels in Boston had an average nightly room rate of $165.40 with a sample standard deviation of $21.70. The critical value for a 98% confidence interval around this sample mean is -------.

• A)2.583
• B)2.898
• C)2.567
• D)2.921

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Definitions:

Personal Attributes

Characteristics or features inherent to an individual, including traits, abilities, and attitudes.

Overall Impression

Overall impression is the general feeling or opinion that people have about someone or something after considering all aspects or experiences.

Person Schemas

Mental structures that help us organize and interpret information about people, including ourselves and others.

Indigenous Schemas

The conceptual frameworks developed within specific cultures that influence how individuals in those cultures understand and interpret the world around them.