Question

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?

Homework Answers

Answer #1

As the confidence level increases, the width of the confidence interval increases. They are directly proportional to each other.

Increasing the confidence level means we want to be more sure that the parameter for which interval is found actually lies within that interval. So the broader the interval the more will be the chances, hence increasing confidence level , increases the critical value, which increases the margin of error and hence the width of confidence interval.

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
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.
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%.
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.
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
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 prediction interval and the confidence interval when SSE=0
what happens to the prediction interval and the confidence interval when SSE=0
1. What happens to the ARL when then increases? 2. What happens to the ATS when...
1. What happens to the ARL when then increases? 2. What happens to the ATS when then increases? 3. What happens to the ARL when the shift increases?
When determining the sample size (n) for a confidence interval for p, if you are using...
When determining the sample size (n) for a confidence interval for p, if you are using a previous sample, use the reasonable value of p that is closer to 0.25. True/False
Use this formula to find a confidence interval which is xbar +/-E where E is =...
Use this formula to find a confidence interval which is xbar +/-E where E is = zc* s / sqrt n On the first one we will have a 95% confidence interval with z=1.96 and n=100 Pick a number for xbar between 60-100. Pick a number for s between 4-8. Find the confidence interval given xbar +/- E Note to find the square root of n use n^.5 where you are raising to the .5 or 1/2 power which is...
Life situation where could be used statistical inference (confidence interval or hypothesis test) on two samples?...
Life situation where could be used statistical inference (confidence interval or hypothesis test) on two samples? how would you do it?