Question: 1. Consider the confidence interval for with known standard deviation : 1 / + 2 / where 1 + 2 = . Let = 0.05
1. Consider the confidence interval for with known standard deviation :
1 / + 2 /
where 1 + 2 = . Let = 0.05 and find the interval for 1 = 2 = 2 = 0.025.
Now find the interval for the case 1 = 0.01 and 2 = 0.04.
Which interval is shorter? Is there any advantage to a "symmetric" confidence interval?
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