Using α =

question 31

Multiple Choice

Using α = .04, a confidence interval for a population proportion is determined to be .65 to .75. If the level of significance is decreased, the interval for the population proportion _____.

• A) becomes narrower
• B) becomes wider
• C) does not change
• D) Not enough information is provided to answer this question.

---

Definitions:

Interest

The cost of borrowing money or the return on invested funds, typically expressed as a percentage rate over a period of time.

Capital Account

An account used to summarize the owner's equity in a business, including funds contributed by investors or profits retained in the business rather than distributed.

Income Sharing

A financial arrangement where profits or revenues are distributed among participants or partners, often seen in partnerships and joint ventures.

Partnership Assets

Resources owned jointly by partners in a partnership arrangement, used in the operation of the partnership business.