The Z Value Associated with a Two-Sided 90% Confidence Interval

question 54

Multiple Choice

The z value associated with a two-sided 90% confidence interval is _______.

• A)1.28
• B)1.645
• C)1.96
• D)2.575
• E)2.33

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Definitions:

Accounts Receivable

Money owed to a company by its clients or customers for goods or services that have been delivered but not yet paid for.

Cost of Goods Sold

An expense representing the total cost of materials and labor directly associated with the production of goods sold by a business.

Merchandise Inventory

The goods a company intends to sell to customers that are considered current assets on the balance sheet.

Gross Profit

The difference between sales revenue and the cost of goods sold before deducting overheads, payroll, taxation, and interest payments.