One of the following situations will provide the most accurate confidence interval. Provide a brief reason...
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One of the following situations will provide the most accurate confidence interval. Provide a brief reason why the other intervals will have difficulties with accuracy or why it will be the most accurate. a. A university professor interviews 100 students at the law library to find out the average numbers of hours a university student studies per week. b. A newspaper randomly selects 55 houses to find out the average net worth of each household. They find out one of the houses is where the Dell family lives. c. A bicycle shop randomly selects 45 bicycles from its new inventory to track the average length of time it takes to sell a new bike. One of the following situations will provide the most accurate confidence interval. Provide a brief reason why the other intervals will have difficulties with accuracy or why it will be the most accurate. a. A university professor interviews 100 students at the law library to find out the average numbers of hours a university student studies per week. b. A newspaper randomly selects 55 houses to find out the average net worth of each household. They find out one of the houses is where the Dell family lives. c. A bicycle shop randomly selects 45 bicycles from its new inventory to track the average length of time it takes to sell a new bike.
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Related Book For
Principles of Auditing and Other Assurance Services
ISBN: 978-0078025617
19th edition
Authors: Ray Whittington, Kurt Pany
Posted Date:
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