In a Sample of 18 Participants,a Researcher Estimates the 80

question 7

Multiple Choice

In a sample of 18 participants,a researcher estimates the 80% CI for a sample with a mean of = 8.8 and an estimated standard error for the difference ( ) of 1.8.What is the upper confidence limit for this interval?

• A)6.4
• B)7.0
• C)10.6
• D)11.2

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Definitions:

National Income

National Income is the total value of all goods and services produced by a country's economy over a specific time period, plus income from abroad, minus income remittances to other countries.

GDP

Gross Domestic Product, it measures the total economic output of a country, representing the market value of all goods and services produced over a specific time period.

Per Capita

A statistical measure that divides an aggregate by the number of individuals in the population, commonly used to express economic indicators.

Household Production

The creation of goods and services within a home for the use by its members, which replaces or supplements the purchase of products and services from the market.