Consider the Following to Answer the Question(s) Below

question 22

Multiple Choice

Consider the following to answer the question(s) below:
The Dispenser Right Company makes a soft drink dispensing machine used in many fast food restaurants. When the machine is running properly, the average number of fluid ounces in the cup should be 14. Periodically the machines need to be tested to make sure that they have not gone out of adjustment. To do this, six cups are filled by a particular machine and a technician carefully measures the volume in each cup. In one such test, the following data were observed:

-The 99% confidence interval is

• A) 13.72 to 14.32 ounces.
• B) 13.83 to 14.21 ounces.
• C) 13.87 to 14.71 ounces.
• D) 13.70 to 14.30 ounces.
• E) 13.81 to 14.19 ounces.

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Definitions:

Full Information

A market condition where all participants have access to all relevant information, eliminating information asymmetry.

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Housing prices refer to the cost of purchasing residential properties, which can fluctuate based on market demand, location, size, and other factors.

Housing Crises

A situation characterized by a significant lack of affordable housing, often leading to increased homelessness and housing insecurity.

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