In a Random Sample of 341 U

question 131

Multiple Choice

In a random sample of 341 U.S.companies, the average number of paid sick days allowed company employees was 18.65.The margin of error was reported as 1 day, at the 95% confidence level.If you were to build a 90% confidence interval here, the margin of error would be how many day(s) .

• A)0.76
• B)0.81
• C)0.79
• D)0.72
• E)0.84

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Definitions:

Revenues

The complete revenue accrued from the core business activities through selling goods or services.

Secondary Operations

Processes that are performed after the primary manufacturing or production process to add value to a product, such as finishing, painting, or assembly.

Periodic Inventory System

An inventory accounting system where stock levels and cost of goods sold are determined at the end of an accounting period through a physical count.

Inventory Record

Documentation that tracks the quantity, location, and status of products throughout the supply chain from acquisition to sale.