Answer to Question #233623 in Statistics and Probability for Kudzie

Question

The width of a confidence interval is a measure of its precision. The narrower the confidence

interval, the more precise is the interval estimate, and vice versa. Describe any three aspects that

influence the precision of the width of a confidence interval of a single

population mean. (5

Answer 1

There are 3 aspect which determine size of confidence interval for respective confidence level. They include percentage, population and sample size. When the sample is larger, the possibility tends to be high of the answers reflecting the population. Based on percentage one's accuracy lies on his sample's percentage that identifies respective answer.