MGMT 650 Quiz 7.docx - Quiz Submissions Quiz 7 Your quiz...

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Quiz Submissions - Quiz 7 Your quiz has been submitted successfully. 7 / 7 points The report of a sample survey of 1014 adults says, "with 95% confidence, between 9% and 15% of all Americans expect to spend more on gifts this year than last year." What does the phrase "95% confidence" mean? Question options: mericans will spend between 9% and 15% more than what they spent last year. used to get the interval 9% to 15%, when used over and over again, produces intervals which include the true population proport f all Americans will spend 95% of what they spent last year. % chance that the percent who expect to spend more is between 9% and 15%.
What is the critical value of t for a 90% confidence interval with df = 14? (Assume a 2-tailed test) Question options:
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What is the critical value for a 95% confidence interval based on a sample size of 20? (Population standard deviation is unknown). (Assume a 2-tailed test) Question options:
View Feedback 7 / 7 points A survey of 30 random shoppers found a 95% confidence interval that shoppers will spend between $24.50 and $28.30. A second survey surveyed 25 random shoppers.

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