What Is Meant by Wide Confidence Intervals

question 25

Multiple Choice

What is meant by wide confidence intervals?

• A) There is less accuracy in the estimated effect of the intervention.
• B) The intervention has an effect on the outcome and is statistically significant.
• C) This indicates the reliability of an estimate.
• D) Precision increases with larger samples.

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Definitions:

Inelastic Demand

A situation in which the demand for a product or service is relatively unaffected by changes in price.

Car Repair Shop

An establishment where automobiles are repaired by auto mechanics, offering services from routine maintenance to more extensive repairs.

Intangibility

A characteristic of services that makes them unable to be seen, touched, or quantified before they are purchased and used.

Service Inconsistency

The variation in the quality or level of service provided to customers over different instances of service delivery.