A Survey of 50 Retail Stores Revealed That the Average

question 68

Multiple Choice

A survey of 50 retail stores revealed that the average price of a microwave was $375,with a sample standard deviation of $20. Assuming the population is normally distributed,what is the 95% confidence interval to estimate the true cost of the microwave?

• A)$323.40 to $426.60
• B)$328.40 to $421.60
• C)$350.80 to $395.80
• D)$369.31 to $380.69

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Definitions:

Moods

Emotional states that can influence perceptions, decision-making, and interpersonal interactions.

Diffuse

Spread out over a large area; not concentrated or focused.

Procedural Fairness

Refers to the perceived fairness of the processes used to make decisions within organizations.

Distributive Fairness

The perceived fairness of the outcomes received, including resources and rewards, within an organization or social system.