Question

What level of confidence will produce a wider confidence interval -- 92% confidence or 97% confidence?

What level of confidence will produce a wider confidence interval -- 92% confidence or 97% confidence?

0 0
Add a comment Improve this question Transcribed image text
Answer #1

A 97% confidence interval will be wider than a 92% confidence interval. A wider confidence interval implies a more accurate decision and to be more accurate (confident) that the true population value falls within the interval we will need to allow more potential values within the interval.For eg. -

Add a comment
Know the answer?
Add Answer to:
What level of confidence will produce a wider confidence interval -- 92% confidence or 97% confidence?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT