Explain what happens to the size of the confidence interval when (a) The standard deviation increases. (b)

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Explain what happens to the size of the confidence interval when

(a) The standard deviation increases.

(b) The standard deviation decreases.

(c) The probability content (1 - α) increases from 95 % to 99 %.

(d) The sample size increases from 100 to 1,000.

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Statistics For Business And Financial Economics

ISBN: 9781461458975

3rd Edition

Authors: Cheng Few Lee , John C Lee , Alice C Lee

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Question Posted: Feb 17, 2024 11:37 PM

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Explain what happens to the size of the confidence interval when (a) The standard deviation increases. (b)

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Understanding Confidence Intervals Before diving into the effects of different factors on the size of a confidence interval it is essential to have a ...View the full answer

Statistics For Business And Financial Economics

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