True or False? To reduce the length of a confidence interval of the population proportion, we can either increase the sample size or decrease the confidence level.
Solution
True
If the length of the confidence interval is high we cannot be sure of the true value of a parameter like mean,etc.,But there are the following characteristics which can be adjusted that would result in length of the confidence interval getting altered
(a) Sample size - By increasing the sample size .The more observations we make the narrower the interval around the sample statistic becomes.
(b) Variability - Reduce the variability
(c) Type of confidence interval - A one-sided confidence level would have a smaller-margin of error than a two-sided confidence interval.
(d) Confidence Level - Lowering / decreasing the confidence level
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