If We Change a 95% Confidence Interval Estimate to a 99

question 64

Multiple Choice

If we change a 95% confidence interval estimate to a 99% confidence interval estimate, we can expect the

• A) width of the confidence interval to increase.
• B) width of the confidence interval to decrease.
• C) width of the confidence interval to remain the same.
• D) sample size to increase.

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Definitions:

Structured Analysis

A methodology used in software engineering for converting business requirements into technical specifications.

Allocated Evenly

The process of distributing resources or items equally across multiple areas or entities.

Contingency

A provision for unforeseen elements or obstacles, allowing for future situations that cannot be predicted with certainty.

Project Budget

An estimation of the costs, resources, and revenues over a specified period for a project, forming the financial framework within which a project is executed.