The General Format for a Confidence Interval Is

question 155

Multiple Choice

The general format for a confidence interval is:

• A) point estimate ± z (standard deviation).
• B) point estimate ± (critical value)(standard error).
• C) margin of error ± (confidence coefficient) (standard error).
• D) point estimate ± (critical value)(standard deviation)

---

Definitions:

Opportunity Cost

The value of the next best alternative that must be foregone as a result of making a decision.

Student Center

A hub on college or university campuses that provides services, resources, and facilities for student activities and gatherings.

Burritos, Bagels, Burgers

Examples of fast food items, representing diversity in quick-service restaurant choices.

Equilibrium

A state in an economy or market where supply equals demand, leading to a stable price.