If We Change a 95% Confidence Interval Estimate to a 99

question 64

Multiple Choice

If we change a 95% confidence interval estimate to a 99% confidence interval estimate, we can expect the

• A) width of the confidence interval to increase.
• B) width of the confidence interval to decrease.
• C) width of the confidence interval to remain the same.
• D) sample size to increase.

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Definitions:

Note Payable

A written promissory note where the borrower agrees to pay back the lender a specified amount of money at a future date or on demand.

Cash

A form of liquid asset that includes currency, coins, and balances in bank accounts, used by businesses to carry out transactions.

Common Stock

Equity ownership in a corporation, with holders usually having voting rights and receiving dividends variable with the company’s profitability.