In a Manufacturing Process,we Are Interested in Measuring the Average

question 83

Multiple Choice

In a manufacturing process,we are interested in measuring the average length of a certain type of bolt.Based on a preliminary sample of 9 bolts,the sample standard deviation is .3 inches.How many bolts should be sampled in order to make us 95% confident that the sample mean bolt length is within .02 inches of the true mean bolt length?

• A)865
• B)80
• C)1470
• D)3989
• E)1197

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Definitions:

Contingent Consideration

An obligation of a buyer to transfer additional assets or equity interests if future events occur or conditions are met after a business combination.

Acquisition Business Combination

A transaction or event in which one entity obtains control over one or more other businesses, leading to the combination of those entities into one reporting entity.

Transaction

An agreement between two parties to exchange goods, services, or financial instruments.

Bargain Purchases

Acquisitions where the purchase price is significantly less than the fair value of the identifiable net assets of the acquired company.