Which of the Following Is True About a 95% Confidence

question 10

Multiple Choice

Which of the following is true about a 95% confidence interval of the mean for a sample of grocery shoppers rating their favourite store?

• A) 95 out of 100 sample means will fall within the limits of the confidence interval.
• B) There is a 95% chance that the population mean will fall within the limits of the confidence interval.
• C) 95 out of 100 population means will fall within the limits of the confidence interval.
• D) There is a .05 probability that the population mean falls within the limits of the confidence interval

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Definitions:

External Forces

Factors outside the control of an organization that can impact its performance, including economic trends, regulation, or technological changes.

Long-term Strategies

Approaches or plans developed to achieve goals and objectives over an extended period, focusing on sustainable growth and development.

Cash Budgets

Detailed plans that estimate future cash receipts and disbursements, helping organizations manage their cash flow.

High-potential Ventures

Enterprises with a strong capacity for growth and the ability to generate significant returns.