A Manager of a Local Store Wants to Estimate the Mean

question 65

Multiple Choice

A manager of a local store wants to estimate the mean amount spent per shopping visit by customers. Summary statistics from a sample taken reveal the following: The store manager wonders whether the population mean could have been $50 or $60.

• A) Since $60 is within the 95% confidence interval, the population mean is likely to be $60.
• B) Since $60 is not within the 95% confidence interval, the population mean is not likely to be $60.
• C) Since $50 is within the 95% confidence interval, the population mean is likely to be $50.
• D) Since $50 is not within the 95% confidence interval, the population mean is not likely to be $50.
• E) Since $60 is not within the 95% confidence interval, the population mean is not likely to be $60; however, it is likely to be $50.

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Definitions:

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Professionals who use techniques derived from psychoanalysis, focusing on unconscious processes influencing behavior and emotions.

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