FORESTRY
AGRICULTURAL STATISTICS AND ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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statistic
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parameter
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Either A or B
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None of the above
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Detailed explanation-1: -A confidence interval indicates where the population parameter is likely to reside. For example, a 95% confidence interval of the mean [9 11] suggests you can be 95% confident that the population mean is between 9 and 11.
Detailed explanation-2: -The 95% confidence interval defines a range of values that you can be 95% certain contains the population mean. With large samples, you know that mean with much more precision than you do with a small sample, so the confidence interval is quite narrow when computed from a large sample.
Detailed explanation-3: -The factors affecting the width of the CI include the desired confidence level, the sample size and the variability in the sample. Although the 95% CI is most often used in biomedical research, a CI can be calculated for any level of confidence. A 99% CI will be wider than 95% CI for the same sample.