Life Tests Performed on a Sample of 13 Batteries of a New

question 4

Multiple Choice

Life tests performed on a sample of 13 batteries of a new model indicated: (1) an average life of 75 months, and (2) a standard deviation of 5 months.Other battery models, produced by similar processes, have normally distributed life spans.The 98% confidence interval for the population mean life of the new model is _________.

• A)63.37 to 86.63
• B)61.60 to 88.41
• C)71.77 to 78.23
• D)71.28 to 78.72
• E)79.86 to 81.28

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Definitions:

Liquidation

The process of closing a business and distributing its assets to claimants.

Capital Contribution

The cash, property, or other assets that investors or owners provide to a business in exchange for an ownership interest or equity.

RULPA

The Revised Uniform Limited Partnership Act, designed to update and standardize the law governing limited partnerships across the states.

Limited Partner

An investor in a limited partnership, who contributes capital but does not take part in management and is only liable to the extent of their investment.