In Developing an Interval Estimate, If the Population Standard Deviation

question 91

Multiple Choice

In developing an interval estimate, if the population standard deviation is unknown

• A)it is impossible to develop an interval estimate
• B)the standard deviation is arrived at using the range
• C)the sample standard deviation can be used
• D)it is assumed that the population standard deviation is 1

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Definitions:

Worksheet

A document or file used for organizing and planning finances, calculations, or data analysis, often used in accounting and Excel.

Temporary Accounts

Accounts that are closed at the end of each accounting period, including revenue, expense, and withdrawal accounts.

Zero Balances

Accounts in financial statements that have no outstanding balance or value at a given point in time.

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Journal entries made at the end of an accounting period to transfer the balances in temporary accounts to permanent accounts, preparing the books for the next accounting period.