We Draw a Random Sample of Size 25 from the Normal

question 128

Multiple Choice

We draw a random sample of size 25 from the normal population with variance 2.4. If the sample mean is 12.5, what is a 99% confidence interval for the population mean?

• A) [11.2600, 13.7400]
• B) [11.3835, 13.6165]
• C) [11.7019, 13.2981]
• D) [11.7793, 13.2207]

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Definitions:

Journalize

Recording financial transactions in the appropriate book of accounts, ensuring they are officially documented.

Replenishment

The process of filling up or restocking inventory or supplies to maintain required levels.

Petty Cash Fund

A small amount of cash kept on hand for minor, impromptu expenses.

Journal Entry

A record in accounting that represents a transaction and its effects on accounts, usually including a debit and credit.