Examine the following statements and then select the one statement that is correct.Group of answer choicesA wider confidence interval means less confidence in the estimate (all other things being equal).A narrower confidence interval is always better than a wider confidence interval.For a 95% confidence interval for a population mean, there is a 95% chance that the confidence interval includes the sample mean.The width of a confidence interval is affected by both the sampling error and the required level of confidence.
Question
Examine the following statements and then select the one statement that is correct.Group of answer choicesA wider confidence interval means less confidence in the estimate (all other things being equal).A narrower confidence interval is always better than a wider confidence interval.For a 95% confidence interval for a population mean, there is a 95% chance that the confidence interval includes the sample mean.The width of a confidence interval is affected by both the sampling error and the required level of confidence.
Solution
The correct statement is: "The width of a confidence interval is affected by both the sampling error and the required level of confidence."
Here's why:
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A wider confidence interval does not mean less confidence in the estimate. It simply means that the estimate is less precise.
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A narrower confidence interval is not always better than a wider one. It depends on the context. A narrower interval may be more precise, but it may also be less reliable if it is based on a smaller sample size or a less robust estimation method.
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For a 95% confidence interval for a population mean, there is a 95% chance that the confidence interval includes the population mean, not the sample mean. The sample mean is used to construct the confidence interval, so it is always included in the interval.
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The width of a confidence interval is indeed affected by both the sampling error (which is related to the sample size and the variability in the data) and the required level of confidence (which is related to the degree of certainty that we want to have that the interval includes the true population parameter).
Similar Questions
For confidence interval estimates, which of the following statements is FALSEGroup of answer choicesincreasing the sample size decreases the width of the confidence intervalusing a sample standard deviation instead of the population standard deviation always results in a wider confidence intervalthe width of the confidence interval increases as we demand more confidencea 95% confidence interval for the mean (with population standard deviation known) will be narrower than a 99% confidence interval
Which of the following is the width of the confidence interval for the population mean? Group of answer choices (Upper confidence limit – Lower confidence limit) / 2. 2 (Upper confidence limit – Lower confidence limit). Upper confidence limit – Lower confidence limit. Upper confidence limit + Lower confidence limit.
Which statement regarding confidence intervals is TRUE?Group of answer choicesA 95% confidence interval produced from different data to a 99% confidence interval will likely be narrower.A 95% confidence interval produced from the same data as a 99% confidence interval will likely be wider.A 95% confidence interval produced from the same data as a 99% confidence interval will likely be narrower.A specific 95% confidence interval is the probability that a population parameter of interest falls within a specified range.
What happens to confidence intervals when you increase the level of confidence (or equivalently decrease the level of significance)?Select all that applyGroup of answer choicesConfidence intervals get narrowerConfidence intervals get widerWe are more confident that the true population mean is inside the intervalsWe are less confident that the true population mean is inside the intervals
A student was asked to find a 95% confidence interval for widget width using data from a random sample of size n = 27. Which of the following is a correct interpretation of the interval 13.1 < μ < 25.9?Check all that are correct.There is a 95% chance that the mean of the population is between 13.1 and 25.9.With 95% confidence, the mean width of all widgets is between 13.1 and 25.9.With 95% confidence, the mean width of a randomly selected widget will be between 13.1 and 25.9.There is a 95% chance that the mean of a sample of 27 widgets will be between 13.1 and 25.9.The mean width of all widgets is between 13.1 and 25.9, 95% of the time. We know this is true because the mean of our sample is between 13.1 and 25.9.
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