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10. Suppose you increase the sample size and keep everything else the same. What happens to the margin of error?

10. Suppose you increase the sample size and keep everything else the same. What happens to the margin of error?

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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**Question 10: Statistical Analysis** *Suppose you increase the sample size and keep everything else the same. What happens to the margin of error?* --- **Explanation:** In statistical analysis, the margin of error measures the range within which the true population parameter is likely to fall. It is influenced by several factors, including sample size. Increasing the sample size generally leads to a decrease in the margin of error, making your estimate more precise. This is because a larger sample provides more information and reduces the variability of the estimate.
Transcribed Image Text:**Question 10: Statistical Analysis** *Suppose you increase the sample size and keep everything else the same. What happens to the margin of error?* --- **Explanation:** In statistical analysis, the margin of error measures the range within which the true population parameter is likely to fall. It is influenced by several factors, including sample size. Increasing the sample size generally leads to a decrease in the margin of error, making your estimate more precise. This is because a larger sample provides more information and reduces the variability of the estimate.
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