If We Want to Provide a 95% Confidence Interval for the Mean

question 15

Multiple Choice

If we want to provide a 95% confidence interval for the mean of a population, the confidence coefficient will be

• A) .485.
• B) 1.96.
• C) .95.
• D) 1.645.

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Definitions:

Entry

A record of a financial transaction in an accounting system or journal.

Premium on Bonds Payable

The amount by which a bond's selling price exceeds its principal (face value), reflecting the difference between the market interest rate and the coupon rate of the bond.

Redeems

The act of exchanging a financial instrument, such as a bond or preferred stock, for its face value or for a specific commodity.

Gain

A financial increase that results when the sale price of an asset exceeds its purchase price or carrying value, not necessarily related to the core operations.