A Manager of a Local Store Wants to Estimate the Mean

question 85

Multiple Choice

A manager of a local store wants to estimate the mean amount spent per shopping visit by customers. Summary statistics from a sample taken reveal the following: If 95% and 98% confidence intervals were developed to estimate the true shopping expenditure, what differences would exist?

• A) Standard errors
• B) Interval widths
• C) t-values
• D) Both "b" and "c"
• E) None of the choices are correct

---

Definitions:

Identity Theft

The fraudulent acquisition and use of a person's private identifying information, usually for financial gain.

Cyberterrorism

The use of computer technology to conduct terrorist activities by deliberately disrupting, damaging, or destroying information systems or networks to achieve political or ideological ends.

Internet Crime Complaint Center

A partnership between the Federal Bureau of Investigation (FBI) and the National White Collar Crime Center (NW3C) that receives internet-related criminal complaints.

CIA

The Central Intelligence Agency, a civilian foreign intelligence service of the federal government of the United States tasked with gathering, processing, and analyzing national security information.