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Suppose the standard deviation of the values was $300,000 instead of the $196 comma 189 used for a confidence interval. What would the larger standard deviation do to the widt…
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Suppose the standard deviation of the values was $300,000 instead of the $196 comma 189 used for a confidence interval. What would the larger standard deviation do to the widt…
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Apr 4, 2021
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Suppose the standard deviation of the values was $300,000 instead of the $196 comma 189 used for a confidence interval. What would the larger standard deviation do to the width of the confidence interval (assuming the same level of confidence)?
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Answer: it will increase the width of the confidence interval
Explanation:
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