1. Everyone likes to be 100% certain with results. Why can't you be 100% certain with...

1. Everyone likes to be 100% certain with results. Why can't you be 100% certain with confidence intervals?

2. Discuss the pros and the cons of using a higher level of confidence. For example if you can't be 100% certain, what would be the benefit and the disadvantage of using 99% or even 99.9%?

3. How should you decide what level to use? Are there times when one level might be more appropriate than the other?

Expert Solution

orchestra answered 2 years ago

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