A Retired Statistician Was Interested in Determining the Average Cost

Multiple Choice

A retired statistician was interested in determining the average cost of a $200,000.00 term life insurance policy for a 60-year-old male non-smoker. He randomly sampled 65 subjects (60-year-old male non-smokers) and constructed the following 95 percent confidence interval for the mean cost of the term life insurance: ($850.00, $1050.00) . What value of alpha was used to create this confidence interval?

A) 0.10
B) 0.05
C) 0.025
D) 0.01