Explain whether the confidence interval gets wider or narrower when (a) The confidence interval is 99 %

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Explain whether the confidence interval gets wider or narrower when

(a) The confidence interval is 99 % instead of 95 %.

(b) The number of observations in the sample decreases from 100 to 50.

(c) The population standard deviation is smaller.

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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: Mar 03, 2024 07:01 AM

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Explain whether the confidence interval gets wider or narrower when (a) The confidence interval is 99 %

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Heres how the confidence interval changes in each scenario a Confidence Level Wider The confidence i...View the full answer

Statistics For Business And Financial Economics

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