Using the ‘forecast sheet’ function in Excel, the default confidence interval is 99%.Question 28Select one:a.Trueb.False

Break Down the Problem

1. Understand the default settings of the 'forecast sheet' function in Excel.
2. Determine if the default confidence interval is indeed 99% or another value.

Relevant Concepts

• In Excel's 'forecast sheet' function, the confidence interval is an important statistical measure that affects the prediction range.

Analysis and Detail

1. Review documentation or reliable sources to check the default confidence level for the 'forecast sheet' function in Excel.
2. The default confidence level has commonly been known to be 95%.

Verify and Summarize

• Since the widely accepted default confidence interval for Excel's forecast sheet functions is 95%, the statement that it is 99% is False.

Final Answer

b. False