Provide an Appropriate Response $99 \%$ Confidence Interval for the Population Mean

question 31

Multiple Choice

Provide an appropriate response.
-Construct a $99 \%$ confidence interval for the population mean, $\mu$ . Assume the population has a normal distribution. A group of 19 randomly selected employees has a mean age of $22.4$ years with a standard deviation of $3.8$ years.

• A) \(( 19.9,24.9 )\)
• B) \(( 16.3,26.9 )\)
• C) \(( 17.2,23.6 )\)
• D) \(( 18.7,24.1 )\)

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Definitions:

Consolidated Statement of Cash Flows

A financial statement that provides aggregate data regarding all cash inflows and outflows from both operating and investing activities of the parent company and its subsidiaries.

Investment Account

An account held by an individual or entity with a financial institution, primarily used for holding and trading securities, stocks, bonds, and other investments.

Percent Ownership

The proportion of a company's shares owned by an individual or entity, often expressed as a percentage of the total shares outstanding.

Adjusted Book Value

The net worth of a company calculated by adjusting assets and liabilities to their market values rather than their book values.