Question: Three things influence the margin of error in a confidence interval estimate of a population mean: sample size, variability in the population, and confidence level.
Three things influence the margin of error in a confidence interval estimate of a population mean: sample size, variability in the population, and confidence level. For each of these quantities separately, explain briefly what happens to the margin of error as that quantity increases.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
