A Sample of 26 Elements from a Normally Distributed Population $\mu$

question 7

Multiple Choice

A sample of 26 elements from a normally distributed population is selected. The sample mean is 10 with a standard deviation of 4. The 95% confidence interval for $\mu$ is

• A)6.000 to 14.000
• B)9.846 to 10.154
• C)8.384 to 11.616
• D)8.462 to 11.538

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Definitions:

Net Domestic Product

The sum of the market value of all domestically produced goods and services in a country during a given time period, subtracting the loss in value from depreciation.

Indirect Business Taxes

Taxes levied on the production, sale, or consumption of goods and services, such as sales tax or value-added tax (VAT), indirectly paid by consumers.

Direct Taxes

Taxes that are levied directly on the income or wealth of an individual or organization, such as income tax and property tax.

Per Capita Real GDP

This is a measure of the average economic output per person, adjusted for inflation, in a specific area.