can someone help me understand this please?
The confidence interval is calculated as
As per the above formula, second part i.e. zc*sigma/sqrt(n) decides the width of the interval
Higher the value, higher is the width of the CI.
If confidence level increases, the value of zc increases hence the width of the CI also increases.
As the confidence level increase, how does the width of the confidence interval change (Width =...
one can calculate the 95% confidence interval for the mean with the population standard deviation knowing this gives us an upper and lower confidence limit what happens if we decide to calculate the 99% confidence interval describe how the increase in the confidence level has changed the width of the confidence interval the same for the confidence interval set at 80% including example with actual numeric value for the intervals and you're supposed to help with your explanations
Increasing the confidence level causes the width of the confidence interval to increase, decrease, stay the same? [Negative marking will be applied for incorrect answers.]
D5: What happens to the width of your confidence interval as you increase your sample size? a. Why does this happen? b. Provide a real world example that explains this concept. c. Find an example in your homework this week that illustrates increasing the sample size and how it changes the width of the confidence level. Provide both the question statement and the solution.
Answer and explain. If all other quantities remain the same, what will happen to the width of a confidence interval if there is an increase in the:confidence level;sample size; andstandard deviation
Which of the following does NOT correctly describe how the width of a confidence interval for a population mean changes when the population standard deviation is known? The interval changes if the sample size decreases. The interval changes if the sample size increases. The interval narrows if the sample size increases and confidence level stays the same. The interval widens if the sample size decreases and the confidence level stays the same. The interval widens if the sample size stays...
Increasing the confidence level of your confidence interval will have what effect on the width of the interval? It is impossible to tell. The width will decrease. The width will remain the same. The width will increase.
Which of the following correctly describes how the width of a confidence interval for a population mean changes when the population standard deviation is known? There is no change if just the sample size increases. The interval widens if the sample size stays the same and confidence level decreases. The interval narrows if the sample size increases and confidence level stays the same. The interval narrows if the sample size decreases and confidence level stays the same. The interval widens...
Help your classmates understand the width of a confidence interval. Also, explain how this type of statistics help businesses? Use your own words and provide your own examples to help your classmates understand.
If all other quantities remain the same, how does the indicated change affect the width of a confidence interval? Decrease the confidence level from 99% to 95%: A. The interval will get wider B. The interval will get narrower C. The interval will stay the same
How does the confidence interval relate to the significance level?