If We Change a 95% Confidence Interval Estimate to a 99

question 64

Multiple Choice

If we change a 95% confidence interval estimate to a 99% confidence interval estimate, we can expect the

• A) width of the confidence interval to increase.
• B) width of the confidence interval to decrease.
• C) width of the confidence interval to remain the same.
• D) sample size to increase.

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Definitions:

Sinking Fund

A reserved fund into which an organization sets aside money over time, to repay debt or replace a significant asset in the future.

Pension Plan

A type of retirement plan where an employer contributes to a pool of funds set aside for an employee's future benefit.

Contractual Agreement

A legally binding agreement between two or more parties outlining the terms and conditions of a deal.

Benefits

Various forms of non-wage compensations provided to employees in addition to their normal wages or salaries.