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    Exam Name: MB-300
    Vendor: Microsoft Dynamics 365: Core Finance and Operations

    60 Questions & Answers
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    NEW QUESTION: 1
    A random sample of 85 group leaders, supervisors, and similar personnel revealed that on the average a person spent 6.5 years on the job before being promoted. The standard deviation of the sample was 1.7 years. Using the 0.95 degree of confidence, what is the confidence interval within which the population mean lies?
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    Answer: A
    Explanation:
    Explanation/Reference:
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    Interval estimate can be found from x_bar +/-z*s/(n

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    0.5). Here we have n = 85, x_bar = 6.5 and z = 1.96 (for 95%) and s = 1.7. Therefore 6.5+/-1.96*1.7/9.22 and we get 6.14 and 6.86.

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