I'm pretty sure that this is a trick question, the answer is 61%.
Answer: increased
Step-by-step explanation:
- An x% confidence interval indicates that a person can be x% confident that true population parameter lies in it.
More level of confidence more width of the interval.
As level of Confidence interval increases width of interval increases.
Width of interval level of Confidence interval
So, If a 95% confidence interval had been constructed instead of 90% the width of the interval would have been<u> increased.</u>
a = interest rate of first CD
b = interest rate of second CD
and again, let's say the principal invested in each is $X.
The Answer to your problem is:
0.8