There Is an Average of 22 $[ 11.014 \quad 33.896 ]$

question 137

Multiple Choice

There is an average of 22.455 employees at 22 office furniture dealers in a major metropolitan area,with a standard deviation of 18.52.Construct a 99 percent confidence interval for the true mean number of full-time employees at office furniture dealers.

• A) \([ 11.014 \quad 33.896 ]\)
• B) \([ 11.275 \quad 33.635 ]\)
• C) \([ 12.284 \quad 32.626 ]\)
• D) \([ 12.513 \quad 32.397 ]\)
• E) \(\left[ \begin{array} { l l }
• 20.072 & 24.838
• \end{array} \right]\)

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Definitions:

Closed Economy

An economy that does not engage in international trade with other economies, neither importing nor exporting goods and services.

Government Deficit

The financial situation in which a government's expenditures exceed its revenues within a given fiscal period, leading to borrowing or debt accumulation.

Private Saving

The portion of households' income that is not consumed or paid in taxes, and is instead saved for future use.

Macroeconomist

An economist who focuses on broad issues such as inflation, unemployment, and national economic growth.