If You Were Constructing a 99% Confidence Interval for the Population

question 130

Multiple Choice

If you were constructing a 99% confidence interval for the population mean based on a sample of n = 25, where the standard deviation of the sample s = 0.05, what would be the critical value of t?

• A) 2.7969
• B) 2.7874
• C) 2.4922
• D) 2.4851

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Definitions:

Open System

A social system in which status is based on achieved attributes.

Social Stratification

The hierarchical arrangement of individuals or groups in society based on wealth, power, race, education, etc., which affects their access to resources and opportunities.

Caste

A form of social stratification characterized by hereditary status, endogamy, and social barriers sanctioned by custom or law.

Meritocracy

A system in which advancement and rewards are allocated based on individual abilities and merits rather than on the basis of social status, wealth, or other external factors.