Asked by Mazin Remski on Jun 05, 2024

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For larger sample sizes, the level of confidence has less of an impact on the width of the confidence interval than for smaller sample sizes. This would indicate that there is a trade-off between ______.

A) probability and precision
B) confidence levels and confidence intervals
C) sample sizes
D) upper and lower limits

Sample Sizes

The number of individuals or observations included in a sample, which represents a portion of the larger population for the purpose of conducting statistical analysis.

Confidence Interval

A range of values, derived from the sample data, that is likely to contain the value of an unknown population parameter.

Level of Confidence

A statistical measure expressed as a percentage that indicates the reliability of an estimate or range of values.

  • Analyze the impact of sample size variation on the breadth of the confidence interval.
  • Apprehend the association between the degree of confidence and the preciseness of the confidence interval estimate.
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ZK
Zybrea KnightJun 08, 2024
Final Answer :
A
Explanation :
The trade-off is between probability and precision because as the sample size increases, the confidence interval becomes narrower, indicating more precision. However, adjusting the level of confidence (probability) affects the width of the confidence interval less significantly with larger sample sizes.