Find Correct T* Values

question 21

Multiple Choice

Find correct t* values.
-Grandma Gertrude's Chocolates, a family owned business, has an opportunity to
Supply its product for distribution through a large coffee house chain. However, the
Coffee house chain has certain specifications regarding cacao content as it wishes to
Advertise the health benefits (antioxidants) of the chocolate products it sells. In order to
Determine the mean % cacao in its dark chocolate products, quality inspectors sample 36
Pieces. They find a sample mean of 55% with a standard deviation of 4%. The correct
Value of t* to construct a 90% confidence interval for the true mean % cacao is

• A) 2.797
• B) 1.711
• C) 1.690
• D) 2.030
• E) 1.318

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Definitions:

Sales Forecasts

Projections of future sales revenue, based on market analysis, historical data, and other estimations.

Actual Costs

The real costs incurred in the production of goods or services, including all direct and indirect expenses.

Inefficient Divisions

Parts of an organization that operate with lower productivity or effectiveness compared to expected standards.

Production Costs

The total expense involved in manufacturing goods, including raw materials, labor, and overhead costs.