FORESTRY
AGRICULTURAL STATISTICS AND ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What happens to your confidence as your interval gets smaller?
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it increases
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it remains the same
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it decreases
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None of the above
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Explanation:
Detailed explanation-1: -Increasing the confidence level increases the error bound, making the confidence interval wider. Decreasing the confidence level decreases the error bound, making the confidence interval narrower.
Detailed explanation-2: -Increasing the confidence will decrease the margin of error resulting in a narrower interval.
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