Examlex
A student wanted to quickly construct a 95% confidence interval for the average age of students in
Her statistics class. She randomly selected 9 students. Their average age was 19.1 years with a
Standard deviation of 1.5 years. What is the 95% confidence interval for the population mean?
Proposal
A formal suggestion or plan put forward for consideration or discussion by others.
Percentage
A way of expressing a number as a fraction of 100, used to compare proportions or calculate ratios.
Efficiency Loss
The loss of economic efficiency that can occur when the equilibrium for a good or a service is not achieved or is unattainable.
Tax
Compulsory financial obligation or different form of levy placed on a taxpayer by a government entity to finance public spending.
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