A) The university could increase their confidence level.
B) The university could decrease their confidence level.
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Essay
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True/False
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Multiple Choice
A) We are 99% confident that the true proportion of all students receiving financial aid is between .50 and .68.
B) 99% of the students receive between 50% and 68% of their tuition in financial aid.
C) We are 99% confident that between 50% and 68% of the sampled students receive some sort of financial aid.
D) We are 99% confident that 59% of the students are on some sort of financial aid.
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Short Answer
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True/False
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Multiple Choice
A) We are 90% confident that the mean salary of all CEOs in the electronics industry falls in the interval $139,048 to $154,144.
B) 90% of all CEOs in the electronics industry have salaries that fall between $139,048 to $154,144.
C) We are 90% confident that the mean salary of the sampled CEOs falls in the interval $139,048 to $154,144.
D) 90% of the sampled CEOs have salaries that fell in the interval $139,048 to $154,144.
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Multiple Choice
A) .95
B) .05
C) .025
D) .475
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True/False
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Essay
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Multiple Choice
A) A parameter is a numerical measure of a population that is almost always unknown and must be estimated.
B) A parameter is a level of confidence associated with an interval about a sample mean or proportion.
C) A parameter is a sample size that guarantees the error in estimation is within acceptable limits.
D) A parameter is an unbiased estimate of a statistic found by experimentation or polling.
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Essay
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Essay
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View Answer
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Multiple Choice
A) In construction of the confidence interval, a t-value with 19 degrees of freedom was used.
B) In construction of the confidence interval, a t-value with 20 degrees of freedom was used.
C) In construction of the confidence interval, a z-value was used.
D) In construction of the confidence interval, a z-value with 20 degrees of freedom was used. 2 Use t-Distribution
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