A Sample of 100 Students Is Selected from a Known

question 110

Multiple Choice

A sample of 100 students is selected from a known population of 1,000 students to construct a 95% confidence interval for the average SAT score. What correction factor should be used to compute the standard error?

• A) 0.949
• B) 0.901
• C) 1.96
• D) 9.01
• E) Cannot be determined

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Definitions:

Best Response

A strategy that yields the highest benefit for a player, given the strategies chosen by other players in a game theory context.

Simultaneous Game

A scenario in strategic interaction where all players make their decisions at the same time, often without knowledge of the others' choices.

Security Guard

A security guard is a person employed to protect property, assets, or people, often found in a variety of commercial and public settings.

Prisoner's Dilemma

A situation in game theory where two individuals acting in their own self-interest do not produce the optimal outcome, showing the conflict between personal and collective rationality.