A Survey of 50 Retail Stores Revealed That the Average

question 37

Multiple Choice

A survey of 50 retail stores revealed that the average price of a microwave was $375 with a sample standard deviation of $20. Assuming the population is normally distributed,what is the 99% confidence interval to estimate the true cost of the microwave?

• A)$367.42 to $382.58
• B)$315.00 to $415.00
• C)$323.40 to $426.60
• D)$335.82 to $414.28

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Definitions:

Authentic Leadership

A leadership style in which the leader is true to themselves while leading, possessing awareness, transparency, integrity, and ethics.

Oral Reasoning

The process of thinking and expressing thoughts verbally, often used to solve problems or articulate ideas.

Self-Awareness

The conscious knowledge of one's own character, feelings, motives, and desires.

Relational Transparency

A leadership behavior that involves being open and honest in one’s communications and actions, fostering trust and authenticity.