Question: need to verify this question so please answer and will up veto Exercise 1.3 For each item selected in Exercise 1.2, explain how it affects

need to verify this question so please answer and will up veto

Exercise 1.3 For each item selected in Exercise 1.2, explain how it affects the confidence intervals. What happens when the quantity in questions is increased/ decreased

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The facts rule: We have a tendency to have more confidence in information that is documented with figures than information that isnt.

The permanence rule: We tend to have more confidence in information that is of a more permanent nature than information that is of a temporary nature.