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A Survey of 25 Grocery Stores Revealed That the Average

Question 39

Multiple Choice

A survey of 25 grocery stores revealed that the average price of a 4-litre bag of milk was $2.98 with
A standard error of $0.10. If 90% and 95% confidence intervals were developed to estimate the true
Cost of a 4-litre bag of milk, what similarities would they have?


A) Point estimates
B) t-statistics
C) Standard errors
D) Both the same point estimate and the same standard error
E) Both the same t-statistic and point estimate

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