Why do we feel more confident with a 99 percent confidence interval than a 90 percent confidence

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Why do we feel more confident with a 99 percent confidence interval than a 90 percent confidence interval? In other words, what is the reason one is a higher confidence than the other?

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Business Statistics In Practice

ISBN: 9780073401836

6th Edition

Authors: Bruce Bowerman, Richard O'Connell

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Posted Date: Apr 03, 2023 09:58 PM

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Why do we feel more confident with a 99 percent confidence interval than a 90 percent confidence

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A confidence interval is a range of values within which we expect the true population parameter to lie with a certain level of confidence The level of ... View the full answer

Business Statistics In Practice

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