Question

In: Statistics and Probability

What is the consequence of increasing the confidence in our interval estimate? increased chance of type...

What is the consequence of increasing the confidence in our interval estimate?

increased chance of type I error

increased chance of type II error

decreased precision in our estimate

introducing bias into our estimate

Solutions

Expert Solution

Decreased precision in our estimate.

                            

                                                         

                                                       

                                  

                               

                      

       

                                                                                                   

          

orchestra answered 2 years ago
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