Find the Margin of Error
-95% Confidence Interval; $\mathrm { n } = 91 ; \overline { \mathrm { x } } = 72 , \mathrm {~s} = 11.4$

question 19

Multiple Choice

Find the margin of error
-95% confidence interval; $\mathrm { n } = 91 ; \overline { \mathrm { x } } = 72 , \mathrm {~s} = 11.4$

• A) \(2.13\)
• B) \(2.37\)
• C) \(2.03\)
• D) \(4.57\)

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Definitions:

Real GDP

The total value of all goods and services produced by a country in a year, adjusted for inflation, making it a measure of economic output that accounts for changes in the price level.

GDP Price Index

An indicator reflecting the variation in costs for all newly produced domestic final goods and services within an economy.

Real Gross Domestic Product (GDP)

An inflation-adjusted measure that reflects the value of all goods and services produced by an economy in a given year, showing true growth.

GDP Price Index

A measure that reflects the prices of all goods and services included in the Gross Domestic Product, indicating the overall level of inflation or deflation in an economy.