If you were given a choice:
Wide confidence interval with a small confidence level
Wide confidence interval...
90.2K
Verified Solution
Link Copied!
Question
Basic Math
If you were given a choice:
Wide confidence interval with a small confidence level Wide confidence interval with a large confidence level
Narrow confidence interval with a small confidence level Narrow confidence interval with a large confidence level
Which would you choose? Why? Provide at least one hypotheticalexample.
Answer & Explanation
Solved by verified expert
4.0 Ratings (731 Votes)
I would choose a Narrow confidence interval with a large confidence level A narrower confidence interval may be more precise but when calculated the same way such as the 95 method they all have the same accuracy They capture the true
See Answer
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!