Explain the Role of Margin of Error in Constructing a Confidence

question 101

Multiple Choice

Explain the Role of Margin of Error in Constructing a Confidence Interval
-A 90% confidence interval for the mean percentage of airline reservations being canceled on the day of the flight is (1.2%, 4.5%) . What is the point estimator of the mean percentage of reservations that are canceled on the day of the flight

• A) 2.85%
• B) 1.65%
• C) 2.25%
• D) 3.3%

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Definitions:

Cognitive Component

Refers to the beliefs, thoughts, and knowledge about the subject at hand, which is a part of an attitude.

Affective Component

The emotional or feeling segment of an attitude, which influences how we react to certain situations or individuals.

Normative Component

Involves the evaluative and prescriptive aspects, particularly in ethics and legislation, which dictate what should be accepted as standard or correct.

Type A Personality

A personality trait characterized by high levels of competitiveness, self-imposed stress, impatience, and a sense of urgency.