You Can Be Percent Confident That an Interval That Includes

question 24

Multiple Choice

You can be percent confident that an interval that includes the values between 1.96 standard errors below the sample mean and 1.96 standard errors above the sample mean will include the population mean.

• A)34
• B)68
• C)95
• D)99

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Definitions:

Extremely Short

A description of a very brief amount of time or a very small quantity; in economics, it may relate to short-term market observations.

Economics in Practice

This phrase refers to the real-world application of economic theories and principles to solve practical problems in industries and policy making.

Infant Mortality Rate

A statistical measure indicating the number of deaths of infants under one year of age per 1,000 live births in a given year, often used as a health status indicator for a country.

Labor Force

The total number of people who are available to work, including both employed and unemployed individuals actively seeking employment.