A Computer Package Was Used to Generate the Following Printout $$X=\text { sale price }$$

question 113

Multiple Choice

A computer package was used to generate the following printout for estimating the mean sale price of homes in a particular neighborhood. $$X=\text { sale price }$$
$$\begin{array}{r}\text {SAMPLE MEAN OF X \( =\quad 46,400 \) }\\\text {SAMPLE STANDARD DEV \( =13,747 \) }\\\text {SAMPLE SIZE OF X \( =15 \) }\\\text {CONFIDENCE \( =\quad 98 \) }\\\\\text {UPPER LIMIT \( =\quad 52,850.6 \) }\\\text {SAMPLE MEAN OF \( X=46,600 \) }\\\text {LOWER LIMIT \( =40,349.4 \) } \end{array}$$

Which of the following is a practical interpretation of the interval above?

• A) We are 90% confident that the mean sale price of all homes in this neighborhood falls between $40,349.40 and $52,850.60.
• B) We are 90% confident that the true sale price of all homes in this neighborhood fall between $40,349.40 and $52,850.60.
• C) 90% of the homes in this neighborhood have sale prices that fall between $40,349.40 and $52,850.60.
• D) All are correct practical interpretations of this interval.

Discuss strategies for managing and exceeding customer expectations in service delivery.

Analyze the role of technology in managing service quality and customer satisfaction.

Understand how emotional and instrumental support impacts service experiences.

Evaluate the use of customer feedback, including complaints, to improve service quality.

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Definitions:

Personal Prejudices

Bias or preconceived opinions that individuals hold against others or certain ideas, often without proper knowledge or reason.

College Degrees

Certifications granted by colleges or universities indicating the holder has completed a particular course of study.

Proportion

The relationship between parts of a whole, expressed as a ratio or fraction that denotes the comparative quantity of one thing relative to another.

Graduating

The process of completing a course of study at a school, college, or university, culminating in the achievement of a diploma or degree.