Asked by Marcavis Shobe on Sep 29, 2024
In determining the size n needed to estimate the population mean,n increases as the confidence level decreases.
Confidence Level
Expressed in percentage terms, this statistical measure tells us how confident we can be about the range within which the true parameter of a population lies, based on sample data.
Sample Size
The number of observations or units in a sample taken from a population for the purpose of statistical analysis.
- Comprehend the correlation between the size of the sample and the level of confidence in predicting the mean of a population.
Learning Objectives
- Comprehend the correlation between the size of the sample and the level of confidence in predicting the mean of a population.
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