Find the Margin of Error $\begin{array} { l l l l l } 5.5 & 5.7 & 5.0 & 5.9 & 5.3 \end{array}$

question 25

Multiple Choice

Find the margin of error.
-The football coach randomly selected ten players and timed how long each player took to perform a certain drill. The times (in minutes) were: $\begin{array} { l l l l l } 5.5 & 5.7 & 5.0 & 5.9 & 5.3 \end{array}$
$\begin{array} { l l l l l } 5.9 & 5.5 & 5.9 & 5.0 & 5.5 \end{array}$
Determine a 95 percent confidence interval for the mean time for all players.

• A) \(5.29 < \mu < 5.75\)
• B) \(5.19 < \mu < 5.85\)
• C) \(5.85 < \mu < 5.19\)
• D) \(5.75 < \mu < 5.29\)

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Definitions:

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance.

Output Level

The quantity of goods or services produced by a company, industry, or economy within a certain period.

Total Costs

The total of all costs associated with the creation of goods or services, encompassing both constant and fluctuating expenses.

Maximizing Profits

The process of adjusting inputs and outputs in production or service delivery to achieve the highest possible financial gain.