How are confidence levels decided in real life? Can 100% confidence level be used to determine a

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How are confidence levels decided in real life? Can 100% confidence level be used to determine a population parameter?

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Public Finance An International Perspective

ISBN: 9789814365048

1st Edition

Authors: Joshua E. Greene

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Question Posted: Mar 20, 2024 04:02 AM

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How are confidence levels decided in real life? Can 100% confidence level be used to determine a

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In reallife situations confidence levels are typically decided based on a balance between the desired level of certainty and practical considerations such as sample size cost and time constraints Here...View the full answer

Public Finance An International Perspective

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