THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 80

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A confidence interval for the difference between the means of two normally distributed populations based on the following dependent samples is desired:

-What is the width of the interval?

• A)4.86
• B)2.56
• C)3.24
• D)6.48

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Definitions:

Exact Simple Interest

Interest calculated precisely on the principal amount, without compounding, for a specific time period.

365-Day Year

A reference to a full calendar year consisting of 365 days, typically excluding leap years which have 366 days.

Exact Simple Interest Rate

The percentage of the principal amount (the initial sum of money borrowed or invested) that is paid as interest for a specified period, not accounting for compound interest.

365-Day Year

A conventional method used in finance to standardize the number of days in a year for interest calculation purposes.