Which of the Following Is NOT a Convention for Confidence

question 73

Multiple Choice

Which of the following is NOT a convention for confidence intervals in the social sciences?

• A)80%
• B)95%
• C)99%
• D)99.9%

---

Definitions:

Utility

Refers to the total satisfaction received from consuming a good or service.

Consuming

The act of using goods and services to satisfy needs or wants.

Maximizing Utility

The process of choosing the most satisfying option among available choices based on preferences and constraints.

Marginal Utility

The augmented utility or contentment a person obtains by consuming an extra unit of a good or service.