The Following MINITAB Output Presents a 95% Confidence Interval Fill in the Blanks: We Are ________ Confident That the

question 17

Multiple Choice

The following MINITAB output presents a 95% confidence interval.
$\begin{array}{lrccc}\hline{\text { The assumed sigma }=8.3623} & \\\text { Variable } & \mathrm{N} & \text { Mean } & \text { SE Mean } & 95 \% \text { CI } \\\mathbf{x} & 42 & 33.414 & 1.2903 & (30.885,35.943) \\\hline\end{array}$
Fill in the blanks: We are ________ confident that the population mean is between _______ and_______.

• A)5%, 0, 33.414
• B)95%, 30.885, 35.943
• C) 5%, 30.885, 35.943
• D)95%, 0, 33.414

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Definitions:

Carrying Amount

The value at which an asset is recognized on the balance sheet after deducting any accumulated depreciation or amortization.

Relevance

The importance or pertinence of something in relation to a specific matter or context.

Decision Making

The process of selecting the best alternative from several options to achieve a specific goal.

Irrelevant Information

Information that does not impact decision-making in a current context.