Sample a Has a Sample Size of 15 and a Standard

question 42

Multiple Choice

Sample A has a sample size of 15 and a standard deviation of 4.Sample B has a sample size of 30 and a standard deviation of 6.Both samples were taken from the same population.The 95 percent confidence interval estimate for the standard deviation of the population based on sample A will be ________ that based on sample B.

• A)wider than
• B)narrower than
• C)the same in length as
• D)None of the above.

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Definitions:

Farmers

Individuals engaged in agriculture, raising living organisms for food or raw materials, often on a farm or rural setting.

Percent

A unit of measure used to express a proportion or a fraction of a whole, represented as a part of one hundred.

Price Support Program

Government interventions to stabilize or increase market prices of commodities, usually through direct payments, purchases, or loans to producers.

Wheat Price

The cost at which wheat is bought or sold in the market, which can be influenced by factors such as weather conditions, supply and demand, and global economic trends.