The Z-Value Associated with a 96% Level of Confidence Is

question 87

Multiple Choice

The z-value associated with a 96% level of confidence is:

• A) 1.96
• B) 1.645
• C) 2.33
• D) 2.05
• E) 1.28

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Definitions:

Houses Sold

Refers to the quantity of residential properties that have been successfully transferred from sellers to buyers within a specific timeframe.

Standard Deviation

A calculation that evaluates the scope of fluctuation or dispersal of values in a collection of data.

Amount Win

The total sum of money or points gained in a competition, lottery, or other form of game.

Probability Distribution

A mathematical function that provides the probabilities of occurrence of different possible outcomes for an experiment or event.