The precision of a confidence interval is directly linked with the width of the interval: the wider
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The precision of a confidence interval is directly linked with the width of the interval:
the wider the interval, the lower is its precision. A confidence interval is wider
(a) the greater the population standard deviation σ ,
(b) the smaller the sample size n, and
(c) the greater the confidence level. P-69
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Related Book For
Business Statistics Communicating With Numbers
ISBN: 9780071317610
1st Edition
Authors: Kelly Jaggia
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