A statistician selected a sample of 16 accounts receivable and determined the mean of the sample to be $5000 with a standard deviation of $400 . He reported that the sample information indicated the mean of the population ranges from $4739.80 to
$5260.20 . He neglected to report what confidence coefficient he had used. Based on the above information, determine the confidence coefficient that was used. Assume the population has a normal distribution.
.98
You might also like to view...
On a multi-step income statement, which of the following is added to operating income to arrive at net income?
A) sales revenue B) interest expense C) sales discounts forfeited D) operating expenses
Clean surplus accounting means that net income includes all of the recognized elements of income for the firm for _____________________________________________
Fill in the blank(s) with correct word
Resource leveling or smoothing can have all the following results on a project EXCEPT
A. Reduced resource need over the life of the project. B. Lower peak resource demand. C. Reduced fluctuations in resource demand. D. A more sensitive network. E. A longer project duration.
Many defined contribution plans permit employees to make additional voluntary contributions to the retirement account
Indicate whether the statement is true or false.