Suppose you wish to estimate the mean of a normal population using a 95% confidence interval, and

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Suppose you wish to estimate the mean of a normal population using a 95% confidence interval, and you know from prior information that σ2 ≈ 1.
a. To see the effect of the sample size on the width of the confidence interval, calculate the width of the confidence interval for n = 16, 25, 49, 100, and 400.
b. Plot the width as a function of sample size n on graph paper. Connect the points by a smooth curve and note how the width decreases as n increases.
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Statistics For Business And Economics

ISBN: 9780134506593

13th Edition

Authors: James T. McClave, P. George Benson, Terry Sincich

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