Asked by hafiz iskandarani on Jun 10, 2024
Verified
One way to reduce the margin of error in a confidence interval is to decrease the confidence coefficient.
Margin of Error
A measure indicating the level of random sampling error present in the findings of a survey.
- Assess the implications of differing sample sizes, confidence levels, and population variances on the width of confidence intervals.
- Analyze the role of the confidence level and how it affects the understanding of confidence intervals.
Verified Answer
CG
celina gaytanJun 16, 2024
Final Answer :
True
Explanation :
Decreasing the confidence coefficient (or confidence level) results in a narrower confidence interval, thereby reducing the margin of error, because it means you are accepting a higher probability of the interval not containing the true parameter value.
Learning Objectives
- Assess the implications of differing sample sizes, confidence levels, and population variances on the width of confidence intervals.
- Analyze the role of the confidence level and how it affects the understanding of confidence intervals.
Related questions
As the Sample Size Increases and Other Factors Are the ...
Increasing the Confidence Level for a Confidence Interval Estimate for ...
An Economist Is Interested in Studying the Spending Habits of ...
In a Survey of 1,000 Television Viewers,40% Said They Watch ...
As the Sample Size Increases, Which of the Following Is ...