In Constructing a 95 Percent Confidence Interval, If You Increase

question 70

Multiple Choice

In constructing a 95 percent confidence interval, if you increase n to 4n, the width of your confidence interval will be (assuming other things remain the same) :

• A)about 25 percent of its former width.
• B)about two times wider.
• C)about 50 percent of its former width.
• D)about four times wider.

---

Definitions:

Ultimate Goal

The final aim or objective intended to be achieved in any given project or strategy.

Sales Promotions

Short-term incentives or events designed to increase interest, enhance product demand, or stimulate sales of a product or service.

Imc Channel

The use of various promotional tools in a coordinated manner to reinforce the marketing message in integrated marketing communications.

Coupons Rebates

Incentives offered to consumers as a form of discount on goods or services, where coupons provide immediate reductions and rebates require submission for a refund post-purchase.