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The effect of decreasing the student-teacher ratio by one is estimated to result in an improvement of the districtwide score by 2.28 with a standard error of 0.52. Construct a 90% and 99% confidence interval for the size of the slope coefficient and the corresponding predicted effect of changing the student-teacher ratio by one. What is the intuition on why the 99% confidence interval is wider than the 90% confidence interval?
Deceptive Claim
A false or misleading statement made about a product or service, typically for the purpose of deceiving consumers.
Material Misrepresentation
A false statement of fact made by one party to another, which, had the second party known the truth, it may have altered their decision to enter into a contract or agreement.
Puffing
The use of generalities and clear exaggerations.
Consumer Education
Programs and efforts designed to inform individuals about their rights, responsibilities, and savvy practices when purchasing goods and services.
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