In: Statistics and Probability
"Should college tuition be free as long as the student maintains a 3.0 GPA?" describe 3 things you think a researcher can do to make the margin of error smaller (i.e., a narrower confidence interval). Be sure you provide an explanation with each item you identify.
Three things which can reduce the margin of error are reduced standard deviation, reduced confidence level and increased sample size.
Margin of error =
suppose z = 1.96 for 95% confidence level, s = 5 and n = 25
then, margin of error =
(A) reducing margin of error using confidence level
z = 1.64 for 90% confidence level
this implies
margin of error =
So, reducing the confidence level results in smaller margin of error
(B) reducing margin of error using standard deviation
let s = 2
this implies
margin of error =
=
= 0.784
So, reducing the standard deviation results in smaller margin of error
(C) reducing margin of error using sample size n
let n = 50
this implies
margin of error =
=
= 1.39
So, increasing the sample size n results in smaller margin of error