TABLE 8-1 A Random Sample of 100 Stores from a Large Chain

question 265

True/False

TABLE 8-1
A random sample of 100 stores from a large chain of 500 garden supply stores was selected to determine the mean number of lawnmowers sold at an end-of-season clearance sale. The sample results indicated a mean of 6 and a standard deviation of 2 lawnmowers sold. A 95% confidence interval (5.623 to 6.377) was established based on these results.
-Referring to Table 8-1, if the population had consisted of 400 stores, the confidence interval estimate of the mean with finite population correction would have been wider in range.

---

Definitions:

Breach of Contract

The failure to perform any term of a contract, written or oral, without a legitimate legal excuse.

Resident

An individual who lives in a particular place or who has established domicile within a specific area or jurisdiction.

Sewer System

Infrastructure for transporting sewage from buildings to treatment facilities or disposal sites.

Vesting

The process by which an individual gains an unconditional right to an asset or benefit, often used in the context of retirement plans or stock options.