Decide Whether the Statement Is Believable, Given the Precision with Which

question 214

Multiple Choice

Decide whether the statement is believable, given the precision with which it is stated.
-A mountain's peak is 25,700 feet above sea level.

• A)Not believable at that precision
• B)Believable

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Definitions:

Sample size

The number of observations or data points collected from a population for a study.

Confidence interval

A set of values obtained from sample data which probably encompasses the value of an unspecified population parameter.

Average hourly income

The mean income earned by an individual per hour of work.

Standard deviation

A metric that calculates the degree of spread or variability within a data set.