If the level of confidence goes down (from 99% to 95%),the confidence level becomes less precise.

Name: If the level of confidence goes down (from 99% to 95%),the confidence level becomes less precise.
Brand: Quizplus
Rating: 4.9 (33 reviews)

Question

Quizplus · Accepted Answer

When the level of confidence goes down, the interval estimate becomes broader and less precise. This is because a lower confidence level means that there is a greater probability that the true population parameter falls outside the specified range.

If the Level of Confidence Goes Down (From 99% to 95%),the