Instruction: for Each Situation Below,construct the 95% Confidence Interval Estimate

question 54

Essay

Instruction: For each situation below,construct the 95% confidence interval estimate to the population.Assume that the results are based on a nationally representative sample.Express the estimate in a sentence.
Refer to the instruction.The average number of children for the 945 respondents for which we have information was 1.98 with a standard deviation of 1.04.

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Definitions:

Write-off

An accounting practice where the value of an asset is reduced to zero, reflecting its irrecoverability.

Write-down

An accounting term referring to the reduction in the book value of assets when their fair market value has fallen below the previously recorded cost.

Accounting Systems

Procedures and systems used by a business to keep track of its financial transactions and prepare financial statements.

Double-Entry

An accounting method of recording transactions that provides an equality of debits and credits. Using the double-entry.