Which of the Following Is the Necessary Condition for Creating

question 50

Multiple Choice

Which of the following is the necessary condition for creating confidence intervals for the population mean?

• A) Normality of the estimator
• B) Normality of the population
• C) Known population parameter
• D) Known standard deviation of the estimator

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Definitions:

Customer Database

A collection of information about individuals who purchase goods and services from a business, including their purchase history, contact details, and preferences.

End-use Factors

Considerations regarding how and for what purpose a product will be used by the consumer, influencing design and marketing strategies.

Psychographic Factors

Characteristics of consumers that include lifestyle, values, attitudes, and psychological influences that affect buying behaviors.

Demographic Factors

Attributes of a population such as age, race, gender, income, and education that influence consumer behavior and business strategies.