Estimate decides to use sample size of random observations, Basic Statistics

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Estimate decides to use sample size of random observations

In constructing a confidence interval estimate of the population mean you decide to select 49 random observations to get your point estimate of the mean (sample mean). Your friend is also constructing a similar confidence interval estimate but decides to use a sample size of 36 random observations. Which of the following is true?

Answer

A. Your friend's confidence interval estimate has a greater degree of confidence.
B. Your confidence interval estimate has a greater degree of confidence.
C. Your confidence interval estimate is narrower.
D. Your confidence interval estimate is wider.

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Basic Statistics: Estimate decides to use sample size of random observations

Reference No:- TGS0109699

Have a Question? (oR Write a Review)

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Basic Statistics: Estimate decides to use sample size of random observations

Reference No:- TGS0109699

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