Asked by Roberta Carubia on Jun 10, 2024
Verified
After constructing a confidence interval estimate for a population mean, you believe that the interval is useless because it is too wide. In order to correct this problem, you need to:
A) increase the population size
B) increase the sample mean
C) increase the confidence coefficient
D) increase the sample size
E) decrease the sample size
Confidence Interval
A range of values, derived from the sample data, that is likely to contain the value of an unknown population parameter with a certain degree of confidence.
Sample Size
The number of observations or datapoints collected in a subset of a larger population.
Confidence Coefficient
The degree of certainty or probability (expressed as a percentage) that the confidence interval contains the true parameter value.
- Comprehend the elements that impact the span of a confidence interval and techniques to adjust it.
Verified Answer
Learning Objectives
- Comprehend the elements that impact the span of a confidence interval and techniques to adjust it.
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