For larger sample sizes, the level of confidence has less of an impact on the width of the confidence interval than for smaller sample sizes. This would indicate that there is a trade-off between ______.
A) probability and precision
B) confidence levels and confidence intervals
C) sample sizes
D) upper and lower limits

Question

Quizplus · Accepted Answer

The trade-off is between probability and precision because as the sample size increases, the confidence interval becomes narrower, indicating more precision. However, adjusting the level of confidence (probability) affects the width of the confidence interval less significantly with larger sample sizes.

For Larger Sample Sizes, the Level of Confidence Has Less