In an Application to Estimate the Mean Number of Miles

question 5

Multiple Choice

In an application to estimate the mean number of miles that downtown employees commute to work roundtrip each day,the following information is given: n = 20 = 4.33
S = 3.50
If the desired confidence level is 95 percent,the appropriate critical value is:

• A)z = 1.96
• B)t = 2.093
• C)t = 2.086
• D).7826

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Definitions:

Differentiable

The ability of a product or service to be distinguished from others due to unique features or characteristics.

Geographic Segmentation

Segmentation that divides markets into groups such as nations, regions, states, and neighborhoods.

Customer Lifestyles

refers to the way a customer lives, including activities, interests, opinions, and demographic characteristics, and how these factors influence their buying behavior.

Population Shifts

Changes in the size, location, age, or composition of a population over time.