$$\text { What is the value of } \alpha \text { used in describing the confidence interval shown below. }$$

question 106

Multiple Choice

$$\text { What is the value of } \alpha \text { used in describing the confidence interval shown below. }$$

• A) 0.05
• B) 0.04
• C) 0.02
• D) 0.01

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Definitions:

Compounded Annually

Interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan, occurring once per year.

Interest

Interest is the charge for borrowing money or the payment earned on deposited funds.

Withdrawal

The act of removing funds from an account, plan, or investment.