Suppose an Interval Estimate for the Population Mean Was 62

question 146

Multiple Choice

Suppose an interval estimate for the population mean was 62.84 to 69.46.The population standard deviation was assumed to be 6.50,and a sample of 100 observations was used.The mean of the sample was:

• A)6.62
• B)56.34
• C)62.96
• D)66.15

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Definitions:

Notes Receivable

Written promise (as evidenced by a formal instrument) for amounts to be received.

Retained Earnings

Net income that the corporation retains for future use.

Operating Expenses

Expenses incurred through the normal operations of a business, including rent, utilities, and salaries, but excluding costs of goods sold.

Vertical Analysis

A financial analysis method that lists each line item in a single period financial statement as a percentage of a base line figure.