Explain whether the confidence interval gets wider or narrower when (a) The confidence interval is 99 %
Question:
Explain whether the confidence interval gets wider or narrower when
(a) The confidence interval is 99 % instead of 95 %.
(b) The number of observations in the sample decreases from 100 to 50.
(c) The population standard deviation is smaller.
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Heres how the confidence interval changes in each scenario a Confidence Level Wider The confidence i...View the full answer
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Related Book For
Statistics For Business And Financial Economics
ISBN: 9781461458975
3rd Edition
Authors: Cheng Few Lee , John C Lee , Alice C Lee
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