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of the 230 d. Both n n2 5 and (1 -m 2 5 are true. A sample of 66 observations wi

ID: 3357913 • Letter: O

Question

of the 230 d. Both n n2 5 and (1 -m 2 5 are true. A sample of 66 observations will be taken from an infinite populaticn. The will be greater than 0.1768 is b. 0.0778 d 0 9222 The standard error of the mean 0,4222 38 d) All of the above is 900, The standard error of the mean is approximately 40. If the sample mean is 20 and the margin of error is 5, then the interval estimate is 38.582 i e of A random sample of 100 credit sales in a department store showed an average sal S120.00. From past data, it is known that the standard deviation of the population is $40.00 a. I. The population variance is c. Determine the standard error of the mean. with a 95% confidence level, determine the margin of error What is the 95% confidence interval of the population mean?

Explanation / Answer

36) Option D. Both are true

37) n = 66, p = 0.12, mean = 0.12*66 = 7.92
std. dev, sd = sqrt(66*0.12*0.88) = 2.64

P(X > 0.1768866) = P(X > 11.6688) = 1 - P(X < 11.6688) = 1 - P(Z < (11.6688-7.92)/2.64) = 1 - P(Z < 1.42) = 0.0778

Option B

38) Option D. ALl of the above

39) finite population correction, fpc = sqrt [ (N - n) / (N - 1) ]
SE = [ (standard deviation)/sqrt(n) ] * fpc

SE = [300/sqrt(225)]*sqrt[(500-225)/(500-1)] = 14.8473

40) (15,25)