Asked by Phoenix Friday on May 11, 2024
Verified
The wider the confidence interval, the more likely it is that the interval contains the true value of the population parameter.
Population Parameter
A numerical value that represents a characteristic or feature of an entire population.
- Understand the direct relationship between the margin of error, sample size, and confidence levels.
- Grasp the factors affecting the width of a confidence interval and strategies to alter it.
Verified Answer
JS
Jolina SantosMay 15, 2024
Final Answer :
True
Explanation :
This statement is true. The wider the confidence interval, the more spread out the range of possible values is, which means there is a higher probability that the true population parameter falls within that range. A narrower interval means a smaller range of possible values, which decreases the probability of capturing the true value of the population parameter.
Learning Objectives
- Understand the direct relationship between the margin of error, sample size, and confidence levels.
- Grasp the factors affecting the width of a confidence interval and strategies to alter it.
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