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Answer to Question #239290 in Statistics and Probability for shem
Question #239290
Assume that we are estimating the population mean with confidence level 1 when the population standard deviation is known. Then UCL LCL D 2 B where LCL is the lower confidence limit, UCL is the upper confidence limit and B is the limit on the error of estimation. True or False.
Expert's answer
True
This is because B represents the margin of error, which is used as an indicator of the desired precision of estimate of population mean.
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