Asked by Leisys Garcia on Sep 29, 2024
One can reduce the width of a confidence interval by taking a smaller sample size.
Confidence Interval
A range of values, derived from sample statistics, that are believed to contain the value of an unknown population parameter at a certain confidence level.
Sample Size
The number of observations or replicates included in a statistical sample.
- Learn about the development of a confidence interval and the variables impacting its expansiveness.
- Analyze the effect that sample magnitude has on the preciseness of estimations.
Learning Objectives
- Learn about the development of a confidence interval and the variables impacting its expansiveness.
- Analyze the effect that sample magnitude has on the preciseness of estimations.