A Local Company Makes a Candy That Is Supposed to Weigh

question 58

Multiple Choice

A local company makes a candy that is supposed to weigh 1.00 ounces.A random sample of 25 pieces of candy produces a mean of 0.996 ounces with a standard deviation of 0.004 ounces.Construct a 98 percent confidence interval for the mean weight of all such candy.

• A) \([ 0.9645 \quad 1.0275 ]\)
• B) \(\left[ \begin{array} { l l }
• 0.9956 & 0.9964
• \end{array} \right]\)
• C) \(\left[ \begin{array} { l l }
• 0.9860 & 1.0060
• \end{array} \right]\)
• D) \(\left[ \begin{array} { l l }
• 0.9940 & 0.9980
• \end{array} \right]\)
• E) \(\left[ \begin{array} { l l }
• 0.9942 & 0.9978
• \end{array} \right]\)

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Definitions:

Purchasing Agents

Individuals within an organization who are responsible for negotiating, acquiring, and managing the purchase of goods and services.

Buying Center

The group of people within an organization who are involved in a purchase decision.

Gatekeeper

An individual or entity that controls access to something, often information or resources.

Derived Demand

A demand for a commodity, service, etc., that is a consequence of the demand for something else.