The Following MINITAB Output Presents a Confidence Interval for a Population

question 14

Multiple Choice

The following MINITAB output presents a confidence interval for a population mean. $$\begin{array} { c r r r c c } \hline \text { Variable } & \mathrm { N } & \text { Mean } & \text { StDev } & \text { SE Mean } & 99 \% \text { CI } \\\mathrm { x } & 30 & 89.4928 & 33.3397 & 6.0870 & ( 72.693,106.293 ) \\\hline\end{array}$$ Find the critical value $t _ { \alpha / 2 }$ for a 98% confidence interval.

• A) 2.462
• B) 2.457
• C) 2.750
• D) 2.760

---

Definitions:

Transfer Pricing

Transfer Pricing refers to the setting of prices for transactions between associated enterprises within a multi-entity corporate structure for goods, services, or intellectual property.

Responsibility Centers

Organizational units within a company that are managed and evaluated separately, focusing on achieving specific financial and operational goals.

Transfer Prices

Prices assigned to transactions between related entities within a multinational corporation, often for accounting and tax purposes.

Decentralized Units

Separate divisions or departments within an organization that operate semi-autonomously, with their management responsible for certain decisions and operations.