Asked by Julian Torres on May 27, 2024
Verified
A confidence level of 99% has a higher probability of containing the population mean than does a 95% confidence interval.
Population Mean
The average value of all the items in a population.
Confidence Level
A measure of certainty or probability, expressed as a percentage, that a specified parameter lies within a specified interval in statistical analysis.
- Comprehend the implications of choosing different levels of confidence for a confidence interval.
Verified Answer
CA
Claudia AlmeidaMay 31, 2024
Final Answer :
True
Explanation :
A 99% confidence level allows for a larger range of values in the interval, and therefore has a higher probability of capturing the true population mean than a 95% confidence level.
Learning Objectives
- Comprehend the implications of choosing different levels of confidence for a confidence interval.