Question: What is a 95 confidence interval? Why is 99 percent confidence interval always wider than a 95 percent confidence interval? Discuss the tradeoff between the

What is a 95 confidence interval? Why is 99 percent confidence interval always wider than a 95 percent confidence interval? Discuss the tradeoff between the confidence and accuracy in estimation

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What is a 95 confidence interval? Why is 99 percent confidence interval always wider than a 95 percent confidence interval? Discuss the tradeoff between the confidence and accuracy in estimation

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