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Why confidence interval is useful

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Q: Why confidence interval useful?
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Continue Learning about Math & Arithmetic

What happens to the confidence interval if you increase the sample size?

The confidence interval becomes smaller.


Is confidence interval and confidence limits are same thing?

no,these are not the same thing.The values at each end of the interval are called the confidence limits.


What happens to the width of the confidence interval when you are unable to get a large sample size?

The width of the confidence interval increases.


Is it better to have a wide confidence interval or a narrow confidence interval?

Narrow because there is less of a chance for people to mess up


What happens to the confidence interval as the sample estimate increases?

Assuming that other measures remain the same, as the sample estimate increases both ends of the confidence interval will increase. In effect, the confidence interval will be translated to a higher value without any change in its size.Assuming that other measures remain the same, as the sample estimate increases both ends of the confidence interval will increase. In effect, the confidence interval will be translated to a higher value without any change in its size.Assuming that other measures remain the same, as the sample estimate increases both ends of the confidence interval will increase. In effect, the confidence interval will be translated to a higher value without any change in its size.Assuming that other measures remain the same, as the sample estimate increases both ends of the confidence interval will increase. In effect, the confidence interval will be translated to a higher value without any change in its size.