A Pharmaceutical Company Wanted to Estimate the Population Mean of Monthly

question 15

Multiple Choice

A pharmaceutical company wanted to estimate the population mean of monthly sales for their 250
Sales people. Forty sales people were randomly selected. Their mean monthly sales were $10,000
With a standard deviation of $1,000. Construct a 95% confidence interval for the population mean.

• A) [9,690.1, 10,309.9]
• B) [9706.3, 10293.7]
• C) [8,040, 11,960]
• D) [8,000, 12,000]
• E) [9,000, 11,000]

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Definitions:

Breached

The act of failing to fulfill the terms of a contract, agreement, or duty.

Tortfeasor

A person who commits an intentional or through-negligence tort that causes a harm or loss for which a civil remedy may be sought.

Fraudulent Misrepresentation

A false statement of fact made by one party to another, with the intention of inducing the latter into entering a contract, resulting in harm or loss.

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Depended on or trusted, often in the context of information or services that are considered to be dependable.