Asked by Cassey Moresco on Sep 29, 2024
After constructing a confidence interval estimate for a population mean,you believe that the interval is useless because it is too wide.In order to correct this problem,you need to:
A) increase the sample size.
B) increase the population standard deviation.
C) increase the level of confidence.
D) increase the sample mean.
Confidence Interval
A range of values, derived from the sample data, that is likely to contain the value of an unknown population parameter, with a certain degree of confidence.
Sample Size
The number of observations or data points collected from a subset of a larger population for the purposes of statistical analysis.
Population Standard Deviation
The square root of the variance of a set of values in a population, measuring how spread out the values are.
- Ascertain the components impacting the magnitude of a confidence interval, encompassing confidence level, sample size, and population standard deviation.
Learning Objectives
- Ascertain the components impacting the magnitude of a confidence interval, encompassing confidence level, sample size, and population standard deviation.
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