Examlex

Solved

Crownfashions

question 106

Multiple Choice

Crownfashions.com wants to estimate the average time that visitors to its website spend browsing the site.In a random sample of 49 visits this week, average browsing time is 13.6 minutes.Assume you know the population standard deviation is 5.2 minutes.Construct an 80% confidence interval estimate of average browsing time for the population of crownfashion.com visitors this week.Report the upper bound for your interval.


Definitions:

Easement

The right to make certain uses of another person’s property or to prevent another person from making certain uses of his own property.

Ownership Transfer

The process by which the legal rights of owning an asset or property are transferred from one person or entity to another.

Restrictive Covenant

A clause in a deed or lease that limits what the owner of the property can do with it.

Valid

Legally binding, enforceable, or well-founded; having legal force.

Related Questions