In a sampling application to determine the average weight of students enrolled in a fitnessclass, if the sample estimate is 120 pounds, the precision is 10 pounds, and the reliability is90 percent, which of the following statements is true?a. There is 10 percent likelihood that the average weight of a student in the class is morethan 130 pounds.b. There is 10 percent likelihood that the average weight of a student in the class is less than110 pounds.c. There is 90 percent likelihood that the average weight of a student in the class is less than110 pounds or more than 130 pounds.d. There is a 90 percent likelihood that the average weight of a student in the class is between110 and 130 pounds.
In a sampling application to determine the average weight of students enrolled in a fitnessclass, if the sample estimate is 120 pounds, the precision is 10 pounds, and the reliability is90 percent, which of the following statements is true?a. There is 10 percent likelihood that the average weight of a student in the class is morethan 130 pounds.b. There is 10 percent likelihood that the average weight of a student in the class is less than110 pounds.c. There is 90 percent likelihood that the average weight of a student in the class is less than110 pounds or more than 130 pounds.d. There is a 90 percent likelihood that the average weight of a student in the class is between110 and 130 pounds.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
In a sampling application to determine the average weight of students enrolled in a fitness
class, if the sample estimate is 120 pounds, the precision is 10 pounds, and the reliability is
90 percent, which of the following statements is true?
a. There is 10 percent likelihood that the average weight of a student in the class is more
than 130 pounds.
b. There is 10 percent likelihood that the average weight of a student in the class is less than
110 pounds.
c. There is 90 percent likelihood that the average weight of a student in the class is less than
110 pounds or more than 130 pounds.
d. There is a 90 percent likelihood that the average weight of a student in the class is between
110 and 130 pounds.
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