A Researcher Estimates the 95% CI for a Sample with a Mean

question 16

Multiple Choice

A researcher estimates the 95% CI for a sample with a mean of M = 9.0 and a standard error ( ) of 1.03.What is the confidence interval at this level of confidence?

• A)95% CI 7.3,10.7
• B)95% CI 8.0,10.0
• C)95% CI 7.0,11.0
• D)There is not enough information to answer this question.

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Definitions:

MPS

Marginal Propensity to Save, which is the fraction of an increase in income that is not spent on an increase in consumption.

Disposable Income

Funds that households can direct towards their saving and spending ambitions after income taxes are accounted for.

Consumption

The portion of income spent on goods and services rather than saved.

Billion

A number equivalent to one thousand million (1,000,000,000) or, in some number systems, a million million (1,000,000,000,000).