Question: HOW DO I CHOOSE WHAT FORMULA IS NEEDED? ALSO, COULD YOU EXPLAIN HOW TO GET ANSWER. THANKS A random sample of 81 UT business students
HOW DO I CHOOSE WHAT FORMULA IS NEEDED? ALSO, COULD YOU EXPLAIN HOW TO GET ANSWER. THANKS
A random sample of 81 UT business students revealed that on average they spent 6 hours per week on Facebook. The population standard deviation is assumed to be 1.8 hours per week.
- Refer to Exhibit 8-1. If we want to develop a 95% confidence interval for the average time spent per week on Facebook by all UT business students, the margin of error of this interval is
a.0.392
b.1.960
c.0.208
d.1.645
- Refer to Exhibit 8-1. The 95% confidence interval for the average time spent per week on Facebook by all UT business students is
- 4.041 to 11.962 hours
- 3.367 to 7.643 hours
- 4.803 to 7.203 hours
- 5.608 to 6.392 hours
Exhibit 8-2
A sample of 75 information system managers had an average hourly income of $40.75 and a standard deviation of $7.00.
18.Refer to Exhibit 8-2. When the 95% confidence interval has to be developed for the average hourly income of all system managers, its margin of error is
a.40.75
b.1.96
c.0.81
d.1.61
- Refer to Exhibit 8-2. The 95% confidence interval for the average hourly income of all information system managers is
- 40.75 to 42.36
- 39.14 to 40.75
- 39.14 to 42.36
- 30 to 50
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