Which of the Following Is True About a 95% Confidence

question 4

Multiple Choice

Which of the following is true about a 95% confidence interval of the mean of a given sample

• 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:

Trade Deficit

A situation where a country imports more goods and services than it exports, resulting in a negative balance of trade.

Foreign Assets

Investments or properties owned by individuals, companies, or governments in countries other than their own.

Trade Balance

The difference in value between a country's imports and exports over a certain period, indicating the relative strength of its economy.

Net Capital Outflow

The sum representing a country's outbound investments minus its inbound investments from abroad over a specific period.