To Use the T Distribution for a Small Sample Size

question 9

True/False

To use the t distribution for a small sample size when deriving a confidence interval requires that the population be normally distributed.

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Definitions:

Sole Proprietorship

A business owned and operated by a single individual, with no legal distinction between the owner and the business entity.

Owner's Equity

The residual interest in the assets of a company after deducting liabilities, representing the ownership's value in the business.

Merchandise

Goods that are purchased for resale at a profit as part of a business's retail operations.

Withdrawal

The act of removing funds from an account, or the act of removing capital from a business by its owner.