If We Have a Sample of 11 Values with a Mean

question 28

Multiple Choice

If we have a sample of 11 values with a mean of 15.00 and a standard deviation of 1.30, what is the 95% confidence interval?

• A) 13.86 < μ < 16.16
• B) 13.96 < μ < 16.06
• C) 14.06 < μ < 15.96
• D) 14.14 < μ < 15.86

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Definitions:

Petty Cash

A small amount of cash on hand used for covering minor expenses.

Deducted

To subtract an amount from a total, often related to expenses or taxable income.

Bank

A financial institution licensed to receive deposits and make loans, in addition to offering various other financial services.

Electronic Funds Transfer

A digital transaction method where money is transferred from one account to another without the physical exchange of cash.