Question

Mean Sample standard deviation Population standard deviation Sample size Confidence level Confidence interval 100 20 na...

Mean

Sample standard deviation

Population standard deviation

Sample size

Confidence level

Confidence interval

100

20

na

25

95 %

100

20

na

25

90 %

100

40

na

25

90 %

100

40

n.a.

16

90 %

100

n.a.

40

16

90 %

How does the confidence level affect the width of the confidence interval, other things equal?

How does the size of the standard deviation affect the width of the confidence interval, other things equal?

How does sample size affect the width of the confidence interval, other things equal?

How does knowing the population standard deviation affect the width of the confidence interval, other things equal?

Homework Answers

Answer #1

width = critical value * sd/sqrt(n)

critical value is monotic function of confidence level

How does the confidence level affect the width of the confidence interval, other things equal?

increasing confidence level increases the width

How does the size of the standard deviation affect the width of the confidence interval, other things equal?

if standard deviation increases, width increases

How does sample size affect the width of the confidence interval, other things equal?

if sample size increases, width decrease

How does knowing the population standard deviation affect the width of the confidence interval, other things equal?

it decreases the width , as z-value will be used instead of t-critical value

and z< t for same confidence level

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