A University Wants to Estimate the Average Distance That Commuter

question 10

Multiple Choice

A university wants to estimate the average distance that commuter students travel to get to class with an error of ± 3 miles and 90 percent confidence. What sample size would be needed, assuming that travel distances are normally distributed with a range of X = 0 to X = 50 miles, using the Empirical Rule μ ± 3σ to estimate σ.

• A)About 28 students
• B)About 47 students
• C)About 30 students
• D)About 21 students

Distinguish between theoretical perspectives that explain the causation of social problems.

Recognize the barriers individuals face in seeking assistance from organized programs and designing interventions accordingly.

Calculate the times interest earned ratio for companies and assess their financial risk.

Prepare journal entries for payroll processing, including accrual of payroll and recording payroll taxes expense.

---

Definitions:

Financing Balance

Represents the outstanding amount in a financing arrangement that has yet to be repaid.

Monthly Payments

Regular payments made once a month, often related to loans or leases.

Loan Payment

A specified amount of money an borrower must pay to a lender at regular intervals as repayment for borrowing money.

Future Value

The predicted amount of money that an investment will grow to at a specified future date, based on an assumed rate of growth.