We Draw a Random Sample of Size 36 from a Population

question 46

Multiple Choice

We draw a random sample of size 36 from a population with standard deviation 3.5. If the sample mean is 27, what is a 95% confidence interval for the population mean?

• A) [25.8567, 28.1433]
• B) [26.0405, 27.9595]
• C) [26.8100, 27.1900]
• D) [26.8401, 27.1599]

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Definitions:

Service Fee

A charge for the provision of a service, often added to the basic price of the service.

Journal Entries

The basic unit of accounting record that details a financial transaction, showing debits and credits to accounts impacted by the transaction.

Honoring

The act of fulfilling or adhering to agreements, commitments, or payments.

Dishonoring

Dishonoring occurs when a promised payment, such as a check or electronic payment, is not completed due to insufficient funds or rejection by the bank.