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The Employees of Cybertronics Inc

question 77

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The employees of Cybertronics Inc.need to complete a certification online.A random sample of 16 employees gives an average time for completion of all the coursework and passing the tests of 20 hours.The population standard deviation is unknown but the sample standard deviation is 6 hours.You can assume that the population of employees is fairly large.Construct a 95% confidence interval for the average time required to complete the certification.


Definitions:

Beginning Inventory

The value of all the goods held by a company at the start of an accounting period, before any purchases or sales are made.

Lower Of Cost

Refers to a valuation principle that directs inventory and other assets to be recorded at the lower of either the original cost or the current market value.

Net Realizable Value

The estimated selling price of inventory in the ordinary course of business minus any estimated costs necessary to make the sale, used in determining the value of ending inventory.

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