A survey of 50 retail stores revealed that the average price of a microwave was $375, with a sample standard deviation of $20. Assuming the population is normally distributed, what is the 95% confidence interval to estimate the true cost of the microwave? Select one: a. $323.40 to $426.60 b. $328.40 to $421.60 c. $350.80 to $395.80 d. $369.31 to $380.69
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A survey of 50 retail stores revealed that the average price of a microwave was $375, with a sample standard deviation of $20. Assuming the ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
In economic terms, marginal is another word for which of the following? a. Outside b. Rare c. Additional d. Boundaries
Answers (1)
Which one of the following may be the least valuable source of advice when you're researching the market for your new business? A. Local attorneys who specialize in business law B. Online attorneys who offer 24/7 Web site service C.
Answers (1)
An elderly relative offers to sell you their used 1958 Cadillac Eldorado for $52,000. You note that very similar cars are selling on the open market for $87,000. You donʹt care for classic cars and would rather buy a new Ford Explorer for $35,000.
Answers (1)
Auditing standards don't specifically discuss the audit procedures that should be applied to a client's pension-related financial statement amounts. Identify five audit procedures that would be relevant to those items.
Answers (1)
Ajax Inc. is one of the customers of a well-known linenmanufacturing company. Ajax has not ordered linen in some time, but when it did order in the past it ordered frequently, and its orders were of the highest monetary value.
Answers (1)
New Questions in Business
Q 1.2: the question "how much of our annual budget should we spend to advertise our new product line?" would most likely be asked by a
Answers (1)
If you wanted to find and display a collection of data from a table on a regular weekly basis, what method would you be most likely to use? A. A form B. A field C. A query D. A report
Answers (1)
The equation represents Jordan's overtime pay structure. Based on this equation, what is Jordan's regular hourly pay?
Answers (2)
A concurrent condition occurs when each party's performance is conditioned on the performance of the other.
Answers (1)
Transactional leadership encompasses all but one of the following. Which one? A. Goal settingB. Social interactionC. Monitoring progress toward goal achievementD. Giving feedbackE. Administering discipline
Answers (1)