Use the Given Degree of Confidence and Sample Data to Construct

question 117

Multiple Choice

Use the given degree of confidence and sample data to construct a confidence interval for the population mean $\mu$ . Assume that the population has a normal distribution.
-The amounts (in ounces) of juice in eight randomly selected juice bottles are: $\begin{array} { l l l l } 15.4 & 15.8 & 15.4 & 15.1 \end{array}$
$\begin{array} { l l l l } 15.8 & 15.9 & 15.8 & 15.7 \end{array}$
Construct a $98 \%$ confidence interval for the mean amount of juice in all such bottles.

• A) \(15.23 \mathrm { oz } < \mu < 15.99 \mathrm { oz }\)
• B) \(15.33 \mathrm { oz } < \mu < 15.89 \mathrm { oz }\)
• C) \(15.89 \mathrm { oz } < \mu < 15.33 \mathrm { oz }\)
• D) \(15.99 \mathrm { oz } < \mu < 15.23 \mathrm { oz }\)

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Definitions:

Schedule Of Cost Of Goods Sold

A detailed statement showing the direct costs, indirect costs, and manufacturing overheads incurred to produce goods sold in a period.

Finished Goods Inventory

This inventory includes products that have completed the manufacturing process but have not yet been sold to customers.

Cost Of Goods Manufactured

The total manufacturing costs of goods that are completed and ready for sale within a specific accounting period.

Manufacturing Overhead

All manufacturing costs that are not directly traceable to a product, including costs associated with running the production facility.