When the Level of Confidence and Sample Standard Deviation Remain

question 3

Multiple Choice

When the level of confidence and sample standard deviation remain the same, a confidence interval for a population mean based on a sample of n = 100 will be ________ a confidence interval for a population mean based on a sample of n = 50.

• A) wider than
• B) narrower than
• C) equal to

---

Definitions:

Financial Institutions

Businesses that provide financial services, including banks, credit unions, and insurance companies.

Compounded Semi-Annually

Interest on an investment or loan calculated twice a year, adding each interest payment to the principal.

Principal

The original amount borrowed or invested.

Payments 13 to 24

Refers to the series of payments that are made from the thirteenth to the twenty-fourth installment in a sequence of payments.