​Table 24-14 ​

question 427

Multiple Choice

​Table 24-14
​
The following table shows some values of the Consumer Price Index and the corresponding inflation rates for 2012-2015.
​
-Refer to Table 24-14. The inflation rate in 2013 was approximately

• A)​0.8%.
• B)​1.5%.
• C)​2.3%.
• D)​3.4%.

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Definitions:

Confidence Level

A measure indicating the probability that a given range includes the true value of an estimated parameter.

Confidence Interval

A confidence interval is a range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter, with a specified level of confidence.

Alpha (α)

In investing, alpha represents the excess returns of a portfolio relative to the return of a benchmark index. In statistics, it often denotes the level of significance in hypothesis testing.

Confidence Level

It describes the degree of certainty associated with a statistical estimate or range, typically expressed as a percentage, indicating how likely it is that the true value lies within a specified interval.