A Company That Produces Computers Recently Tested the Battery in Its

question 69

Multiple Choice

A company that produces computers recently tested the battery in its latest laptop in six separate trials.The battery lasted 8.23,7.89,8.14,8.25,8.30,and 7.95 hours before burning out in each of the tests.Assuming the battery duration is normally distributed,construct a 95% confidence interval for the mean battery life in the new model.

• A) [7.9489,8.3045]
• B) [7.9575,8.2959]
• C) [7.9873,8.2661]
• D) [7.9912,8.2622]

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Definitions:

Comparative Advantage

The ability of a party to produce a particular good or service at a lower opportunity cost than others, enabling trade benefits.

Absolute Advantage

The ability of an entity to produce a good or service more efficiently than its competitors with the same resources.

Absolute Advantage

The ability of a country, individual, or firm to produce a good more efficiently than another entity, using fewer resources.

Fewer Resources

A situation or condition where there is a reduced availability of inputs or factors of production such as land, labor, and capital.