SELECT ALL THAT APPLY

question 30

Multiple Choice

SELECT ALL THAT APPLY.
-If a 95% confidence level is selected,then

• A)the corresponding Z score is 2.58.
• B)the probability of a selected sample falling in this interval is 0.95.
• C)there is a 5% chance of the interval being incorrect.
• D)5 chances out of 100 will fall in the interval.

---

Definitions:

Account

A record that keeps track of financial transactions, investments, or the financial state of an individual, institution, or company.

Utility Function

A mathematical representation used in economics to model satisfaction or preference that a consumer derives from the consumption of goods and services.

Risk Averse

A behavioral tendency to prefer avoiding losses over acquiring equivalent gains.

Present Value

The worth at present of an anticipated future cash amount or stream of payments, considering a particular rate of return.