A 95% Confidence Interval Is

question 17

Multiple Choice

A 95% confidence interval is:

• A)The range of values of the statistic which we can be 5% confident contains a significant effect in the population.
• B)The range of values of the statistic which probably contains the true value of the statistic in the population.
• C)The range of values of the statistic that we can be 95% confident contains a significant effect in the population.
• D)The range of values of the statistic which we can by 95% certain does not contain the true population effect.

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Definitions:

Product Line

A group of related products that are marketed under a single brand name by the same company.

Account Penetration

The degree to which a company has been successful in selling its products or services to various departments or levels within a targeted client's organization.

Follow-Up

The act of maintaining contact with individuals or groups after an initial meeting, communication, or transaction to ensure satisfaction or further progress.

Service Situations

Scenarios in which customer needs are addressed and met through the provision of services.