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Why might a company use a higher confidence interval, such as 99%, rather than a lower confidence interval, such as 80%? They make children's toys
Why might a company use a higher confidence interval, such as 99%, rather than a lower confidence interval, such as 80%?
They make children's toys where precision is expected
They make computer parts where they are too small for higher accuracy
They are in the medical field, where accuracy is important
They track the migration of fish where accuracy is not as important
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