In a Study of the Paperwork Required to File for a Product

question 99

Multiple Choice

In a study of the paperwork required to file for a product patent, the US Patent Office selected a random sample of 1500 applicants who applied for a patent during the past five years.The study found the average time applicants in the sample took to fill out the required forms was 28.4 hours, with a sample standard deviation of 5.7 hours.If there were 40,000 patent applications during this five-year period, show the 95% confidence interval for the TOTAL hours taken filling out forms for the population of applicants over the five-year period.Report the upper bound for your interval.

• A)3.95 million hours
• B)2.76 million hours
• C)1.14 million hours
• D)0.83 million hours
• E)4.84 million hours

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Definitions:

Psychosocial Moratorium

A period during adolescence when adult responsibilities are postponed as young people explore various commitments, values, and roles.

"MAMA" Cycle

An acronym for "Moratorium-Achievement-Moratorium-Achievement," describing a cycle of identity exploration and commitment.

Crisis

A critical or difficult situation that requires immediate action for resolution.

Resolution

The act of solving a problem, dispute, or contentious matter, often involving deciding on a course of action or determining a clear outcome.