The GPA of Accounting Students in a University Is Known

question 124

Multiple Choice

The GPA of accounting students in a university is known to be normally distributed. A random sample of 20 accounting students results in a mean of 2.92 and a standard deviation of 0.16. Construct the 95% confidence interval for the mean GPA of all accounting students at this university.

• A) 2.92 ± 1.729(0.16/ )
• B) 2.92 ± 1.96(0.16/ )
• C) 2.92 ± 2.086(0.16/ )
• D) 2.92 ± 2.093(0.16/ )

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Definitions:

Balance Sheet

An accounting statement that captures the financial standing of a corporation by itemizing assets, obligations, and shareholders' capital at a certain time.

Available-For-Sale Debt Investments

Debt securities not classified as held-to-maturity or trading securities, carried at fair value, with unrealized gains or losses reported in other comprehensive income.

Trading Debt Investments

Debt securities bought and sold with the intention of profiting from short-term price fluctuations, recorded as current assets.

Unrealized Holding Gain/Loss

Gains or losses on investments that have not yet been sold, and thus the gain or loss has not been "realized."