A Sample of 28 Elements Is Selected to Estimate a 95

question 95

Multiple Choice

A sample of 28 elements is selected to estimate a 95% confidence interval for the variance of the population. The chi-square values to be used for this interval estimation are

• A)-1.96 and 1.96
• B)14.573 and 43.195
• C)16.151 and 40.113
• D)15.308 and 44.461

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Definitions:

Real Accounts

Permanent accounts in accounting that show the ongoing financial state of a company's assets, liabilities, and shareholders' equity.

Accounting Period

A specific period of time used for financial reporting, such as a month, quarter, or year.

Prepaid Rent

An advance payment for rent that is recorded as an asset on the balance sheet until it is consumed.

Net Income

The total earnings of a company after subtracting all expenses, including taxes and operating costs, from its total revenues.