The Width of a Confidence Interval Will Be

question 59

Multiple Choice

The width of a confidence interval will be:

• A)Narrower for 99% confidence than 95% confidence.
• B)Wider for a sample size of 100 than for a sample size of 50.
• C)Narrower for 90% confidence than 95% confidence.
• D)Wider when the sample standard deviation (s)is small than when s is large.

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Definitions:

U.S. Market

This term refers to the economic market in the United States encompassing the trading of goods, services, securities and commodities.

Comparative Advantage

The ability of a country or firm to produce a particular good or service at a lower opportunity cost than others.

Domestic Price

The price level of goods and services within a country's border, reflecting the domestic market's supply and demand conditions.