Asked by Dariel Reyes on Sep 29, 2024
The larger the confidence level used in constructing a confidence interval estimate of the population mean,the narrower the confidence interval.
Confidence Level
The degree of certainty that a parameter lies within a specified range.
Confidence Interval
A set of values from sample statistics expected to cover the value of a not-yet-known population parameter.
- Understand how to construct a confidence interval and the factors affecting its width.
- Recognize the role of the confidence level in confidence intervals.
Learning Objectives
- Understand how to construct a confidence interval and the factors affecting its width.
- Recognize the role of the confidence level in confidence intervals.