A Retired Statistician Was Interested in Determining the Average Cost

question 116

Multiple Choice

A retired statistician was interested in determining the average cost of a $200,000.00 term life insurance policy for a 60-year-old male non-smoker. He randomly sampled 65 subjects
(60-year-old male non-smokers) and constructed the following 95 percent confidence interval for
The mean cost of the term life insurance: ($850.00, $1050.00) . What value of alpha was used to
Create this confidence interval?

• A)0.10
• B)0.025
• C)0.05
• D)0.01

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