Interpret the confidence interval.
-A large software development firm recently relocated its facilities. Top management is
Interested in fostering good relations with their new local community and has encouraged
Their professional employees to engage in local service activities. They wish to
Determine the average number of hours the firm's professionals volunteer per month.
They find the 95% confidence interval of 14.62 to 15.78. Which of the following is the
Correct interpretation?
A) We are 95% confident that the average number of hours per month volunteered by professionals employed with this firm is between 14.62 and 15.78.
B) 95% of all firm's professional employees volunteer between 14.62 and 15.78 hours per month.
C) The number of hours per month volunteered by the firm's professional employees is between 14.62 and 15.78 95% of the time.
D) All of the above.
E) None of the above.
Correct Answer:
Verified
Q1: Find the sample size.
-Top management at a
Q2: Find the confidence interval.
-Insurance companies track life
Q3: Find correct t* values.
-A manufacturer of cheese
Q4: Find the confidence interval.
-Grandma Gertrude's Chocolates, a
Q5: Check conditions / assumptions of confidence intervals
Q7: Find the sample size.
-A manufacturer of cheese
Q8: Find the margin of error.
-Grandma Gertrude's Chocolates,
Q10: Find the confidence interval.
-A large software development
Q11: Find the standard error of the mean.
-A
Q13: In a metal fabrication process, metal rods
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