The Following MINITAB Output Presents a Confidence Interval for a Population

question 55

Multiple Choice

The following MINITAB output presents a confidence interval for a population mean. $$\begin{array} { c r r r c c } \hline \text { Variable } & \mathrm { N } & \text { Mean } & \text { StDev } & \text { SE Mean } & 99 \% \text { CI } \\\mathrm { x } & 28 & 108.1268 & 30.4888 & 5.7618 & ( 92.161,124.093 ) \\\hline\end{array}$$ Use the information in the output to construct a 98% confidence interval.

• A) (92.161,124.093)
• B) (105.546,110.707)
• C) (93.878,122.376)
• D) (105.235,111.018)

---

Definitions:

Undervalued

Describing an asset or security whose price is perceived to be less than its intrinsic or book value, suggesting it may be a good investment opportunity.

Stock Splits

A company activity where existing shares are split into more shares to increase share liquidity without changing the overall market value.

Par Value

The face value of a bond or stock, representing the amount that the issuer agrees to pay at maturity or the nominal value of a share.

Shares Outstanding

The total number of shares of a corporation that are currently owned by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders.