FORESTRY
AGRICULTURAL STATISTICS AND ECONOMICS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]


statistic


parameter


Either A or B


None of the above

Detailed explanation1: 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 explanation2: 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 explanation3: 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.