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Tyler Stachowiak
on Nov 26, 2024

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Increasing the confidence coefficient from .90 to .95 and decreasing the sample size from 100 to 50 has unknown impact on the margin of error.

Confidence Coefficient

The probability that a confidence interval contains the true population parameter, typically expressed as a percentage.

Margin Of Error

An estimate of the amount of random sampling error in a survey's results, expressing the range within which the true value is expected to lie with a certain level of confidence.

Sample Size

The number of observations or units included in a sample from a population, critical for the reliability of statistical analyses.

  • Acquire knowledge on how the margin of error, sample size, and confidence levels are directly related.
  • Discern the significance of adjustments in sample sizes and confidence levels on the fidelity of interval estimates.
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Olivia InfanteNov 27, 2024
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