Which of the Following Statements Is True

question 3

Multiple Choice

Which of the following statements is true?

• A)The larger the sample size, the larger the variance.
• B)The higher the confidence level, the smaller the confidence interval.
• C)The smaller the sample size, the smaller the confidence interval.
• D)The larger the sample size, the smaller the standard error.

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Definitions:

Contra-revenue Account

An account that is used to record deductions from gross revenue, which results in net revenue.

Sales Discount

A reduction in the price of goods or services offered to a customer, typically to encourage prompt payment or bulk purchasing.

Debit Balance

The condition of an account when the total of debits exceeds the total of credits, typically indicating assets or expenses.

Merchandisers

Companies or individuals involved in the business of retailing or wholesaling goods.