In: Statistics and Probability
Confidence interval =
+_ Z * (
/
n)
is the sample mean
Z is the z-value which depends upon level of confidence
is standard deviation
n is sample size
Consider 1st Case here
when creating a conference interval if we keep the level of confidence and the standard deviation constant then increasing the sample size will make the width of the interval
Here Z is constant,
is constant and sample size is increasing, since sample size is in
the denominator, if it increased the Z * (
/
n) value decreases, implying that the width of the interval will be
narrower
Answer is narrower
Consider 2nd Case here
when creating a conference interval if we keep the standard deviation and the sample size Constant then increasing the confidence will make the width of the interval
Here n is constant,
is constant and confidence is increasing, since as confidence
increases Z increases, the Z * (
/
n) value increases, implying that the width of the interval will be
wider
Answer is wider
Consider 3rd Case here
when creating a confidence interval if we keep the level of confidence and the sample size constant then increasing the size of the standard deviation will make the width of the interval
Here n is constant, Z is constant and
is increasing, since as
increases, the Z * (
/
n) value increases, implying that the width of the interval will be
wider
Answer is wider