Which of the Following Confidence Intervals Has the Most Precision

question 86

Multiple Choice

Which of the following confidence intervals has the most precision?

• A) 99% confidence interval
• B) 95% confidence interval
• C) 90% confidence interval
• D) 85% confidence interval

---

Definitions:

Consumption Strategy Model

A framework for understanding how consumers plan and select among products and services to satisfy their needs.

Consumer Purchase Decision Process

The sequence of steps consumers go through, from recognizing a need, gathering information, evaluating options, to making a purchase decision and post-purchase evaluation.

Maslow Hierarchy

A theory in psychology proposed by Abraham Maslow in his 1943 paper "A Theory of Human Motivation", which describes a five-tier model of human needs, arranged in a hierarchy.

Social Needs

Basic human motivations included in Maslow's hierarchy, referring to the need for belongingness, love, and interpersonal relationships.