Will increased sample size change the level of the confidence (or the error tolerance)? Why? What is the role of the α? (Hint: we discussed the idea of “α being helpful in allowing a decisionmaker to...



  • Will increased sample size change the level of the confidence (or the error tolerance)? Why? What is the role of the α? (Hint: we discussed the idea of “α being helpful in allowing a decisionmaker to make a decision. But here, please discuss the role α based on the context of “confidence interval”.)



Jun 10, 2022
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