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Exhibit 8-3

question 11

Multiple Choice

Exhibit 8-3.Professors of Accountancy are in high demand at American universities.A random sample of 28 new accounting professors found the average salary was 135 thousand dollars with a standard deviation of 16 thousand dollars.Assume the distribution is normally distributed. Refer to Exhibit 8-3.Construct a 95% confidence interval for the salary of new accounting professors.Answers are in thousands of dollars.


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The art of spontaneously creating something without preparation.

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A mechanism or process that automatically adjusts or corrects the direction of a system or behavior based on its performance or outcome.

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The act of achieving or completing a task, goal, or objective successfully through effort, skill, or courage.

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