A Sample of a Given Size Is Used to Construct

question 52

Multiple Choice

A sample of a given size is used to construct a 95% confidence interval for the population mean with a known population standard deviation.If a bigger sample had been used instead,then the 95% confidence interval would have been _______ and the probability of making an error would have been ________.

• A)Wider,smaller
• B)Narrower,smaller
• C)Wider,unchanged
• D)Narrower,unchanged

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Definitions:

Ratio of Debt

A financial metric that measures the amount of debt a company has compared to its assets or equity, indicating the financial leverage or risk.

Accounting System

A systematic process of recording, reporting, and analyzing financial transactions of a business.

Data from Source Documents

Information collected from original records or documents used for analysis or decision-making.

Raw Data

Unprocessed and unanalyzed information collected from observations, measurements, or responses, often the initial step before analysis or interpretation.