Whenever Using the T Distribution for Interval Estimation (When the Sample

question 22

Multiple Choice

Whenever using the t distribution for interval estimation (when the sample size is very small) , we must assume that

• A)the sample has a mean of at least 30
• B)the sampling distribution is not normal
• C)the population is approximately normal
• D)the finite population correction factor is necessary

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Definitions:

Iterative Technique

An iterative technique refers to a process or method where a sequence of operations is repeated in order to approach closer to a desired result.

Planning Assumptions

Assumptions made regarding future events, conditions, and decisions that affect an organization's strategic planning and operations.

Dividend Payout Ratio

Dividend Payout Ratio is a financial metric that measures the proportion of a company's earnings paid out to shareholders in the form of dividends.

Retained Earnings

This refers to the cumulative amount of net income generated by a company that is reinvested in the business, minus any dividends paid out to shareholders.