A manager of a local store wants to estimate the mean amount spent per shopping visit by customers. Summary statistics from a sample taken reveal the following: If 95% and 98% confidence intervals were developed to estimate the true shopping expenditure, what differences would exist?
A) Standard errors
B) Interval widths
C) t-values
D) Both "b" and "c"
E) None of the choices are correct

Question

A manager of a local store wants to estimate the mean amount spent per shopping visit by customers. Summary statistics from a sample taken reveal the following:  If 95% and 98% confidence intervals were developed to estimate the true shopping expenditure, what differences would exist?
A) Standard errors 
B) Interval widths 
C) t-values 
D) Both "b" and "c" 
E) None of the choices are correct

Quizplus · Accepted Answer

The Answer of A manager of a local store wants to estimate the mean amount spent per shopping visit by customers. Summary statistics from a sample taken reveal the following:  If 95% and 98% confidence intervals were developed to estimate the true shopping expenditure, what differences would exist?
A) Standard errors 
B) Interval widths 
C) t-values 
D) Both "b" and "c" 
E) None of the choices are correct

A Manager of a Local Store Wants to Estimate the Mean