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Sample information: 24 out of 1000 people who were surveyed had type 2 diabetes. Use the above sample information and construct two confidence intervals (one
Sample information: 24 out of 1000 people who were surveyed had type 2 diabetes.
Use the above sample information and construct two confidence intervals (one with confidence level of 90% and the other one with confidence level of 99%) to estimate the proportion of people who have type 2 diabetes. What is the relationship between the confidence level and the size of the confidence interval? Is this significant? Why is it important to understand this concept?
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