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

---

Definitions:

Inventory

The range of products or goods that are held by a business for the purpose of resale, crucial for operations and financial health.

Working Capital Assets

Current assets that are used in the operation of a business and can be converted into cash within a year.

Net Working Capital

The difference between a company's current assets and its current liabilities, indicating the short-term financial health and operational efficiency.

Spontaneous Financing

Financing that occurs naturally as a company operates, such as trade credit that increases as sales increase.