Other Factors Remaining Constant, What Happens as You Move from a 95

question 25

Multiple Choice

Other factors remaining constant, what happens as you move from a 95% level of confidence to a 99% level of confidence?

• A) The 99% interval is wider
• B) The 99% interval is more narrow
• C) The 99% interval contains fewer values
• D) None of the above

---

Definitions:

General Ledger

The comprehensive set of accounts that records all financial transactions of a business, serving as the central repository of accounting data.

Subsidiary Ledger

A detailed ledger that provides a breakdown of information summarized in a controlling account in the general ledger.

Control Account

An account used in the general ledger to summarize the details of transactions recorded in subsidiary ledgers.

Subsidiary Ledger

A detailed ledger containing all the individual accounts related to a particular area, such as accounts receivable or accounts payable, which supports the totals recorded in the general ledger.