Question: a. Explain what precision and confidence are and how they would influence sample size. b. Discuss what is meant by the statement: There is a

a. Explain what precision and confidence are and how they would influence sample size.
b. Discuss what is meant by the statement: There is a trade off between precision and confidence under certain conditions.

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a Precision indicates how close the sample statistics are to the population parameters Usually a big... View full answer

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