Confidence level and sampling risk are related to sample size.

Question

Quizplus · Accepted Answer

Confidence level and sampling risk are directly related to sample size. As the sample size increases, the confidence level increases and the sampling risk decreases. This is because a larger sample size provides more representative data and reduces the likelihood of errors or biases in the sample. On the other hand, a smaller sample size can result in larger sampling risk and a lower confidence level in the conclusions drawn from the sample data.

Confidence Level and Sampling Risk Are Related to Sample Size