THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 67

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
For calculating a 95% confidence interval for μ₁ - μ₂ the difference between the means of two normally distributed populations,the summary statistics from two independent samples are:
n_x = 60,
= 180,
= 360,n_y = 45,
= 160,and
= 900.
It is assumed that the Population variances are unknown and are equal.
-What is the lower confidence limit of the 95% confidence interval?

• A)29.505
• B)11.587
• C)10.495
• D)22.797

---

Definitions:

Direct Materials Budget

A financial plan that estimates the raw materials necessary for production, considering planned inventory levels and production requirements.

Deluxe Product

A high-quality or superior product that is more expensive than other options in the market.

Regular Product

A standard or common product offered by a company that is routinely manufactured or provided.

Direct Materials Purchases Budget

A detailed plan estimating the raw materials that must be purchased to fulfill the production budget and to meet inventory requirements.