The Width of a Confidence Interval Will Be

question 78

Multiple Choice

The width of a confidence interval will be:

• A)Narrower for 99 percent confidence than 95 percent confidence.
• B)Wider for a sample size of 100 than for a sample size of 50.
• C)Narrower for 90 percent confidence than 95 percent confidence.
• D)Wider when the sample standard deviation (s)is small than when s is large.

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Definitions:

Prices

The amount of money required to purchase goods or services, typically set by supply and demand dynamics in the market.

Scarce Resources

Refers to the limited availability of resources that are used for the production of goods and services.

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