Question
Results from surveys or opinion polls often report a range of valuesthe sample statistic plus or minus a margin of error (the resulting range is
Results from surveys or opinion polls often report a range of valuesthe sample statistic plus or minus a margin of error (the resulting range is called a confidence interval). This tells us that the range is likely to contain the population parameter. How much wiggle room we provide is based on how much confidence we wish to have that the range contains the actual population mean. A confidence level represents the middle of the area of the distribution curve where we accept the Null Hypothesis (Ho). The tails portion () represents the area where we reject Ho. The bigger Confidence level is selected (CL) the smaller is = 1 - CL. For CL=95% = 5% (0.05), for CL=99% = 1% (0.01).
Give an example of research where 90% Confidence Interval is appropriate. Then post another example of statistics that requires 99% Confidence Level. Explain your choice.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started