Question

Suppose that you have obtained data by taking a random sample from a population and that you intend to find a confidence interval for the population m

Confidence intervals
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asked 2021-06-24

Suppose that you have obtained data by taking a random sample from a population and that you intend to find a confidence interval for the population mean, \(\mu\). Which confidence level, 95% or 99%, will result in the confidence interval's giving a more precise estimate of \(\mu\)?

Answers (1)

2021-06-25
The 95% confidence interval because decreasing the confidence level improves the precisionm, and vice versa.
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