Suppose a Study Estimated the Population Mean for a Variable

question 143

Multiple Choice

Suppose a study estimated the population mean for a variable of interest using a 99% confidence interval. If the width of the estimated confidence interval (the difference between the upper limit and the lower limit) is 600 and the sample size used in estimating the mean is 1,000, what is the population standard deviation?

• A) 26711.14
• B) 2451.23
• C) 3684.21
• D) 5125.11

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Definitions:

Transnational Corporations

Business entities that operate in multiple countries, extending their operations beyond their country of origin through global networks of production and distribution.

Globalization

The process by which businesses, economies, cultures, and populations become interconnected and integrated due to advances in communication, transportation, and trade.

Sociological Theories

Frameworks for understanding society and human behavior that guide sociologists' interpretations and research.

Global Inequality

The systematic differences in health, wealth, and power across countries and societies worldwide.