Construct a 99% Confidence Interval for Data Sets a and B

question 86

Multiple Choice

Construct a 99% confidence interval for data sets A and B. Data sets A and B are dependent. $$\begin{array} { c | c c c c c } \text { A } & 5.8 & 6.8 & 8.7 & 5.7 & 5.8 \\\hline \text { B } & 8.2 & 7.1 & 7.0 & 6.9 & 8.3\end{array}$$ Assume that the paired data came from a population that is normally distributed.

• A) (-4.502, 2.622)
• B) (-25.123, 5.761)
• C) (-21.342, 18.982)
• D) (-15.123, 15.123)

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Definitions:

Capital Intensive

A description of industries or businesses that require large investments in capital assets to produce goods or services.

Variable Cost

Costs that change in proportion to the level of production or activity within a company.

Long Run

A time period in economics during which all inputs or factors of production can be varied, and no costs are fixed.

Expenditures

Money spent on goods, services, or other expenses by individuals, businesses, or governments.