Choose the One Alternative That Best Completes the Statement or Answers

question 61

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
-A group of 49 randomly selected parrots has a mean age of $22.4$ years with a population standard deviation of 3.8. Compute the $98 \%$ confidence interval for $\mu$ .

• A) \(( 21.1,23.7 )\)
• B) \(( 20.3,24.5 )\)
• C) \(( 19.8,25.1 )\)
• D) \(( 18.8,26.3 )\)

---

Definitions:

Straight-Line Method

A method of calculating depreciation of an asset, where the asset's cost is evenly distributed over its useful life.

Journalize

The process of recording transactions in an accounting journal, documenting the financial effects of transactions and events.

Residual Value

The anticipated amount that an asset is expected to generate when it is sold at the conclusion of its useful lifespan.

Intangible Asset

An asset that is not physical in nature, such as patents, trademarks, and copyrights, having value due to its potential to generate economic benefits.