Margin of Error $= 0.06$ , Sample Size $= 50$ , Sample Mean

question 8

Multiple Choice

Margin of error $= 0.06$ , sample size $= 50$ , sample mean $= 0.65$
What is the $95 \%$ confidence interval for the population mean?

• A) \(49.9 < \mu < 50.1\)
• B) \(0.65 < \mu < 0.7\)
• C) \(0.5 < \mu < 0.8\)
• D) \(0.6 < \mu < 0.7\)

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Definitions:

Antitrust Violations

Antitrust Violations refer to actions or agreements by businesses that unfairly restrict competition and violate laws established to promote fair competition in the marketplace.

Sherman Act

A foundational antitrust law in the United States passed in 1890 that prohibits monopolies and any unreasonable constraints of trade.

Market Competition

The rivalry among businesses to attract customers and gain market share through price, product quality, services, and innovation.

Unfairly Restricting

refers to practices or policies that unduly limit the freedoms or opportunities of individuals or entities, often in a manner that is deemed unjust or biased.