Which of the Following Statements Is True

question 59

Multiple Choice

Which of the following statements is true?

• A)If a sample has 16 observations and a 90% confidence estimate for μ is needed,the appropriate t-score is 1.753.
• B)If a sample has 16 observations and a 99% confidence estimate for μ is needed,the appropriate t-score is 2.602.
• C)If a sample has 20 observations and a 95% confidence estimate for μ is needed,the appropriate t-score is 1.729.
• D)If a sample has 20 observations and a 98% confidence estimate for μ is needed,the appropriate t-score is 2.093.

---

Definitions:

Return

The process of bringing back a purchased product to the seller or store, often for a refund or exchange.

Monopoly Firm

A company that is the sole provider of a product or service in a market, resulting in a lack of competition.

Price Maker

A market participant with the power to influence the price of a good or service by altering its supply, demand, or both.

Downward Sloping

Refers to a graph line that shows a decrease in price leading to an increase in demand, commonly illustrated in supply and demand curves.