A 99 percent confidence interval has higher confidence but less precision than a 95 percent confidence interval.
True or False
The above statement is TRUE.
95 percent confidence interval is narrower than 99 percent confidence interval
Hence 95 percent interval is more precise than 99 percent interval.
Explanation: If a confidence interval is made narrower with lower viability and higher sample size, it becomes more precise, the likely values cover a smaller range. If the coverage of this interval is increased by using a 99 percent calculation, the interval becomes more accurate (less precise...understand the difference), the true value is more likely to be within the range.
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