3. A researcher is interested in the size of the current balance of credit cardholders. To estimate this, he obtains the size of the current balance of a randomsample of 25 credit card holders. A 90% confidence interval for the meancurrent balance of credit card holders is found to be S662.72±$44.70. Which ofthe following would produce a contidence interval with a smaller margin ofetror than this 90% confidence interval?
(A)Obtain the balances of only five credit card holders rather than 25, becausefive are likely to be more uniform than 25.
(B) Obtain the balances of 100 credit card holders rather than 25.
(C)Computer a 99% confidence interval rather than a 90% confidence interval.The increase in confidence indicates that we have a better interval.
(D)None of the above.