It depends on whether it is the Type I Error or the Type II Error that is increased.
if the confidence interval is 24.4 to 38.0 than the average is the exact middle: 31.2, and the margin of error is 6.8
The margin of error is reduced.
All things being equal, a wider confidence interval (CI) implies a higher confidence. The higher confidence you want, the wider the CI gets. The lower confidence you want, the narrower the CI gets The point estimate will be the same, just the margin of error value changes based on the confidence you want. The formula for the CI is your point estimate +/- E or margin of error. The "E" formula contains a value for the confidence and the higher the confidence, the larger the value hence the wider the spread. In talking about the width of the CI, it is not correct to say more or less precise. You would state something like I am 95% confident that the CI contains the true value of the mean.
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Generally speaking an x% confidence interval has a margin of error of (100-x)%.
The width of the confidence interval willdecrease if you decrease the confidence level,increase if you decrease the sample sizeincrease if you decrease the margin of error.
The standard deviation is used in the numerator of the margin of error calculation. As the standard deviation increases, the margin of error increases; therefore the confidence interval width increases. So, the confidence interval gets wider.
No. The width of the confidence interval depends on the confidence level. The width of the confidence interval increases as the degree of confidence demanded from the statistical test increases.
It depends on whether it is the Type I Error or the Type II Error that is increased.
The formula for margin of error is (Z*)*(Standard Deviation))/(sqrt(N)), so as N increases, the margin of error decreases. Here N went from 100 to 5000, so N has increased by 4900. This means the margin of error decreases. Since the confidence interval is the mean plus or minus the margin of error, a smaller margin of error means that the confidence interval is narrower.
The confidence interval consists of a central value and a margin of error around that value. If it is an X% confidence interval then there is a X% probability that the true value of the statistic in question lies inside the interval. Another way of looking at it is that if you took repeated samples and calculated the test statistic each time, you should expect X% of the test statistics to fall within the confidence interval.
It depends on whether it is the Type I Error or the Type II Error that is increased.
The confidence interval radius determines the margin of error. If you want more information visit: http://en.wikipedia.org/wiki/Margin_of_error
if the confidence interval is 24.4 to 38.0 than the average is the exact middle: 31.2, and the margin of error is 6.8
The margin of error is dependent on the confidence interval.I'll give you examples to understand it better.We know:Confidence Interval (CI) = x(bar) ± margin of error (MOE)MOE = (z confidence)(sigma sub x bar, aka standard error of mean)When CI = 95%, MOE = (1.96)(sigma sub x bar)When CI = 90%, MOE = (1.64)(sigma sub x bar)Naturally, the margin of error will decrease as confidence level decreases.
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