If a sample size of 16 yields an average of 12 and standard deviation of 3, estimate the 95% confidence interval for the population (assume a normal distribution).
I feel like we did a problem like this in class, and I think the confidence interval is around the mean plus and minus something, but I can't quite remember the details.
I remember we used the formula for the confidence interval, but I'm not sure if I should use the t-distribution or z-distribution since the sample size is small.
Wait, what's the t-value I'm supposed to use? I can't remember if it's the t-statistic or the z-score for a 95% CI with a normal distribution. This is tripping me up a bit.
Hmm, I'm a bit unsure about this one. I know we need to assume a normal distribution, but I'm not sure how to actually calculate the 95% CI from the given information.
Alright, I think I've got the steps down. First, calculate the standard error using the standard deviation and sample size. Then look up the t-value for 95% confidence with 15 degrees of freedom. Plug it all into the formula and boom, 95% CI.
Hmm, I'm a little unsure between B and D. Managed care does focus on disability management, but I'm not sure if that's considered a "common characteristic" across all these plans. I'll have to think this through carefully.
The third option about mitigating risks seems like the most relevant one. DLM is probably about understanding the risks to the data and planning how to protect it throughout its lifecycle.
Okay, I've got this. APW extinguishers use water and air pressure to put out fires. They're not meant for certain types of fires, like electrical or grease. I'm pretty confident I can identify the true statements here.
Ah, I see what they're getting at now. The metric is focused on revenues and market share, so it's probably not going to be used to evaluate something like "Optimization of business process costs" or "Customer-oriented service culture." It's got to be the one about the portfolio of services.
Cheryll
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