To construct a 99% confidence interval on the MPG of a type of vehicle, researchers are debating
Question:
To construct a 99% confidence interval on the MPG of a type of vehicle, researchers are debating whether they want a margin of error of 1, or of 2.
a) Which margin of error will require a bigger sample size and why?
b) If a 95% confidence interval is to be constructed, will a margin of error of 1 or of 2 require a bigger sample size?
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a To determine which margin of error will require a bigger sample size we can use the formula for th...View the full answer
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Related Book For 
Principles Of Managerial Statistics And Data Science
ISBN: 9781119486411
1st Edition
Authors: Roberto Rivera
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