# Student answer the level of confidence in estimating

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Chapter 7 / Exercise 1
Finite Mathematics for the Managerial, Life, and Social Sciences: An Applied Approach
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population?Student Answer:The level of confidence in estimating the population parameter The size of the population The maximum allowable error in estimating the population parameter An estimate of the population variation Question 18.Question :How is the tdistribution similar to the standard zdistribution?Student Answer:Both are discrete distributions. Both are skewed distributions. Both are families of distributions. Both are continuous distributions.
Question 19.Question :A bank wishes to estimate the mean credit card balance owed by its customers. The population standard deviation is estimated to be \$300. If a 98% confidence interval is used and an interval of \$75 is desired, how many customers should be sampled?
-953711946MultipleChoice61False0-953711946MultipleChoice61-953711945MultipleChoice57False0-953711945MultipleChoice57
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Chapter 7 / Exercise 1
Finite Mathematics for the Managerial, Life, and Social Sciences: An Applied Approach
Tan
Expert Verified
629 87 Question 20.Question :The distribution of Student's thas _________.
1.Question :If we reject the null hypothesis, what can we conclude subject to the probability, α?
Question 2.Question :It is claimed that in a bushel of peaches, less than 10% are defective. A sample of 400 peaches is examined and 50 are found to be defective. What is the z-test statistic?-953711944MultipleChoice51True0-953711944MultipleChoice51