Suppose a 95% Confidence Interval for Has Been Constructed

question 169

Multiple Choice

Suppose a 95% confidence interval for has been constructed.If it is decided to take a larger sample and to decrease the confidence level of the interval,then the resulting interval width would_____ .(Assume that the sample statistics gathered would not change very much for the new sample. )

• A)be larger than the current interval width
• B)be narrower than the current interval width
• C)be the same as the current interval width
• D)be unknown until actual sample sizes and reliability levels were determined

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Definitions:

Push Strategy

A marketing approach where a product is promoted by pushing it through distribution channels to the end consumers.

Promotional Mix

The combination of marketing tools utilized by a business to communicate and promote its products or services to the target audience.

Channel Members

Individuals or entities that are involved in the process of moving goods or services from producers to consumers within the supply chain.

Manufacturer

A business that produces goods in large numbers using machinery.