If You Wish to Estimate with 95% Confidence the Average

question 210

Multiple Choice

If you wish to estimate with 95% confidence the average number of miles that students living off-campus commute to classes every day, a random sample of 20 students produced a mean equal to 5.2 miles and a standard deviation of 3.05 miles. Then, the appropriate critical value is:

• A) 1.96
• B) 2.086
• C) 2.093
• D) 1.7291
• E) 2.58

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Definitions:

Closing Operations

The process of shutting down business activities and ceasing operations, often involving selling assets, paying off debts, and distributing remaining funds to owners or shareholders.

Selling Assets

The act of disposing of assets, such as property, equipment, or investments, for the purpose of liquidity, capital, or to reduce debt.

Renewal Strategy

A plan aimed at reviving a company or brand to stimulate growth, often through innovation, rebranding, or restructuring efforts.

Scale

A system or series of marks used for measuring or quantifying objects, space, or the degree of something, often used in various contexts from business to scientific research.