Suppose a Random Sample of 36 Is Selected from a Population

question 43

Multiple Choice

Suppose a random sample of 36 is selected from a population with a standard deviation of 12.If the sample mean is 98, the 99% confidence interval to estimate the population mean is ___.

• A)94.08 to 101.92
• B)92.85 to 103.15
• C)97.35 to 98.65
• D)93.34 to 102.66
• E)90.20 to 105.00

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Definitions:

Economic Growth

An increase in a country’s ability to produce goods and services, reflected in an increase in real GDP over time.

Human Capital Investment

The process of increasing the value of a workforce through education, training, and health improvements.

Technologies

The application of scientific knowledge for practical purposes, especially in industry and everyday life.

Resource Endowments

The natural resources, capital, and human skills that a country or region possess, which can influence its economic development and trade patterns.