There is a trade-off between the confidence level and the degree of precision of the estimate when the
A)population is finite.
B)sample size is fixed.
C)sample size varies.
D)population is infinite.
E)sample size is small.

Question

Quizplus · Accepted Answer

When the sample size is fixed, increasing the confidence level results in a wider confidence interval, reducing precision, and vice versa.

There Is a Trade-Off Between the Confidence Level and the Degree