Choose the Statement That Is the Best Interpretation of the Confidence

question 39

Multiple Choice

Choose the statement that is the best interpretation of the confidence interval.

• A)In about 95% of all samples of 40 U.S. weddings, the resulting confidence interval will contain the mean cost of all weddings in the U.S.
• B)That probability that a U.S. wedding will cost more than $24,152 is less than 3%.
• C)We are extremely confident that the mean cost of a U.S. wedding is between $22,296 and $24,152.

---

Definitions:

Empowerment

The process of giving individuals or groups more control, responsibility, and authority over their work or lives, leading to increased motivation and self-esteem.

Tight Control

A management approach characterized by strict and detailed monitoring and regulation of organizational processes and activities.

Work Assignments

Tasks or projects designated to employees or teams, typically as part of their job responsibilities.

Centrality

The degree of importance or prominence of a node within a network, relating to how connected or influential it is.