It is always good to have as narrow a confidence interval as possible, because a C.I. is an estimate of a parameter, and a narrower C.I. is a more precise estimate. In lecture we learned three factors that affect the width of a C.I. With all that in mind, which C.I. below has the combination that would make it the NARROWEST out of all four options? (Hint: compare the answer options to each other two at a time, and do a process of elimination). Group of answer choices A C.I. with n=100, 95% level of confidence, s2 = 32.4 (large variance) A C.I. with n=100, 99% level of confidence, s2 = 6.1 (small variance) A C.I. with n=150, 99% level of confidence, s2 = 32.4 (large variance) A C.I. with n=150, 95% level of confidence, s2 = 6.1 (small variance)
It is always good to have as narrow a confidence interval as possible, because a C.I. is an estimate of a parameter, and a narrower C.I. is a more precise estimate. In lecture we learned three factors that affect the width of a C.I. With all that in mind, which C.I. below has the combination that would make it the NARROWEST out of all four options? (Hint: compare the answer options to each other two at a time, and do a process of elimination). Group of answer choices A C.I. with n=100, 95% level of confidence, s2 = 32.4 (large variance) A C.I. with n=100, 99% level of confidence, s2 = 6.1 (small variance) A C.I. with n=150, 99% level of confidence, s2 = 32.4 (large variance) A C.I. with n=150, 95% level of confidence, s2 = 6.1 (small variance)
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
100%
It is always good to have as narrow a confidence interval as possible, because a C.I. is an estimate of a parameter, and a narrower C.I. is a more precise estimate. In lecture we learned three factors that affect the width of a C.I. With all that in mind, which C.I. below has the combination that would make it the NARROWEST out of all four options?
(Hint: compare the answer options to each other two at a time, and do a process of elimination).
Group of answer choices
A C.I. with n=100, 95% level of confidence, s2 = 32.4 (large variance)
A C.I. with n=100, 99% level of confidence, s2 = 6.1 (small variance)
A C.I. with n=150, 99% level of confidence, s2 = 32.4 (large variance)
A C.I. with n=150, 95% level of confidence, s2 = 6.1 (small variance)
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 2 images
Recommended textbooks for you
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman