19. Confidence intervals. Several factors are involved in the creation of a confidence interval. Among them are

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19. Confidence intervals. Several factors are involved in the creation of a confidence interval. Among them are the sample size, the level of confidence, and the margin of error.

Which statements are true?

a) For a given sample size, higher confidence means a smaller margin of error.

b) For a specified confidence level, larger samples provide smaller margins of error.

c) For a fixed margin of error, larger samples provide greater confidence.

d) For a given confidence level, halving the margin of error requires a sample twice as large.

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Business Statistics

ISBN: 9780321716095

2nd Edition

Authors: Norean D. Sharpe, Paul F. Velleman, David Bock, Norean Radke Sharpe

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