Exhibit 8-5 A Random Sample of 64 SAT Scores of Students Applying

question 80

Multiple Choice

Exhibit 8-5
A random sample of 64 SAT scores of students applying for merit scholarships showed an average of 1400 with a standard deviation of 240.
-Refer to Exhibit 8-5. The 95% confidence interval for the SAT scores is

• A)1340.05 to 1459.95
• B)1400 to 1459.95
• C)1340.05 to 1400
• D)1400 to 1600

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Definitions:

Financial Reports

Documents that detail the financial health and performance of a business, including balance sheets, income statements, and cash flow statements.

Rent Expired

The portion of the rental period that has elapsed or the cost of rent that has been used up over a specific accounting period.

Accounting Period

A specific time span for which financial records are maintained and reported, such as a fiscal year or quarter.

Accumulated Depreciation

The total amount of an asset's cost that has been allocated as depreciation expense since the asset was put into use.