A Survey of 144 Retail Stores Revealed That the Average

question 59

Multiple Choice

A survey of 144 retail stores revealed that the average price of a DVD was $375 with a standard error of $20. If 90% and 95% confidence intervals were developed to estimate the true cost of the DVD, what similarities would they have?

• A) Point estimates
• B) Z-values would be the same
• C) Standard errors
• D) Both point estimates and standard errors would be the same
• E) Both standard errors Z-values would be the same