Question: This exercise is asking you to think about, and compare, two aspects of the concept of a confidence interval: (1) its width, and (2) the

This exercise is asking you to think about, and compare, two aspects of the concept of a confidence interval: (1) its width, and (2) the level of confidence that we attach to the interval we are reporting. Hint - precision versus confidence... What trade-offs are involved in reporting one interval estimate over another?

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