Question

A researcher is calculating a confidence interval. All other things being constant, what happens to the...

A researcher is calculating a confidence interval. All other things being constant, what happens to the width of confidence interval when the confidence level is increased?

Decreases

Increases

May increase or decrease

Remain the same

Homework Answers

Answer #1

A researcher is calculating a confidence interval. All other things being constant, what happens to the width of confidence interval when the confidence level is increased?

Answer : Increases

# Increasing the confidence level increases the error bound , Making the confidence interval wider , and

Decreasing the confidence level decreases the error bound , Making the confidence interval narrower .

Effect of following on width :

# The width of the confidence interval decreases as the sample size increases .

# The width increases as the standard deviation increases .

# The Width increases as the Confidence level increases .

Know the answer?
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
Similar Questions
For each of the following situations, state what happens to the width of the confidence interval....
For each of the following situations, state what happens to the width of the confidence interval. Justify your answers. A) Population standard deviation increases B) Sample size decreases (assuming CLT still holds) C) Confidence level decreases D) Sample mean increases
what happens to the width of a confidence interval as the confidence level increases? Provide some...
what happens to the width of a confidence interval as the confidence level increases? Provide some examples and explain your answers.
How will the width of a confidence interval change (if at all) in each of the...
How will the width of a confidence interval change (if at all) in each of the following cases? A) Sample standard deviation decreases:         a) increase     b) decrease     c) stay the same B) Sample size decreases:         a) increase      b) decrease      c) stay the same C) You change from a 95% CI to a 99% CI:       a) increase      b) decrease      c) stay the same
The width of a confidence interval estimate for a population mean when the population standard deviation...
The width of a confidence interval estimate for a population mean when the population standard deviation is known will (A)   become narrower if the size of the sample being used is increased and the confidence level is unchanged. (B)    not change if only the sample size is increased. (C)    become wider if the sample size remains the same and the confidence level decreases. (D)   become narrower if the size of the sample is decreased and the confidence level is unchanged....
where would you use a confidence interval in everyday life? When n increases what happens to...
where would you use a confidence interval in everyday life? When n increases what happens to the width of a confidence interval?
What happens to the width of your confidence interval as you increase your confidence level? Why...
What happens to the width of your confidence interval as you increase your confidence level? Why does this happen? Provide a real life example that explains this concept.
Which of the following is true if, all other things being equal, if the USD rallies...
Which of the following is true if, all other things being equal, if the USD rallies 1% versus the GBP (British pound)? Check all that apply. (There are 2 correct answers) a) The value of BP ADRs will decrease all other things being equal. The value of BP ADRs will decrease all other things being equal. b) US companies that earn a large percentage of their profits in the UK will exceed EPS expectations all other things being equal. c)...
Explain what happens to the 95 % confidence interval as the sample size increases. (2 marks)...
Explain what happens to the 95 % confidence interval as the sample size increases. Explain what happens to the width of the confidence interval for a 99% interval versus a 95%.
All other things held constant, premiums on options will increase when ____ The volatility of the...
All other things held constant, premiums on options will increase when ____ The volatility of the underlying asset falls The term to maturity decreases The strike price drops None of the above
Discuss how each of the following will affect the width of a confidence interval for estimating...
Discuss how each of the following will affect the width of a confidence interval for estimating a population proportion (in each case assume all other values remain constant): a) An increase in sample size used to find pˆ b) A higher confidence level
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT