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:

Money Supply

The overall quantity of monetary resources in an economy at a designated time.

Inflation

An overall escalation in price levels and reduction in money's buying power.

Unemployment

The condition of being jobless despite an active search for employment.

Money Supply Growth

The increase in the total amount of monetary assets available in an economy at a specific time.