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 90% and 95% confidence intervals were developed to estimate the true shopping expenditure, what similarities would exist?
A) Point estimates
B) t-values would be the same
C) Standard errors
D) Both point estimates and standard errors
E) Both point estimates and t-values

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 90% and 95% confidence intervals were developed to estimate the true shopping expenditure, what similarities would exist?
A) Point estimates 
B) t-values would be the same 
C) Standard errors 
D) Both point estimates and standard errors 
E) Both point estimates and t-values

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 90% and 95% confidence intervals were developed to estimate the true shopping expenditure, what similarities would exist?
A) Point estimates 
B) t-values would be the same 
C) Standard errors 
D) Both point estimates and standard errors 
E) Both point estimates and t-values

A Manager of a Local Store Wants to Estimate the Mean