Multiple Choice
A survey of 50 retail stores revealed that the average price of a microwave was $375 with a standard error of $20. If 90% and 95% confidence intervals were developed to estimate the true cost of the microwave, what similarities would they have?
A) Point estimates
B) Z-variates
C) Standard errors
D) Both "a" and "c"
Correct Answer:
Verified
Correct Answer:
Verified
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