STATISTICAL TECHNIQUES AND TOOLS
CONFIDENCE INTERVALS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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For a sample, the 95% confidence interval is (0.202, 0.482). What is the point estimate, p̂, of this sample?
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0.28
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0.14
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0.342
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0.684
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Explanation:
Detailed explanation-1: -Answer. Answer: If we had a larger sample size with around the same standard deviation, the 95% confidence interval would be narrower. This is because a larger sample size provides more information and reduces the standard error of the estimate, which leads to a narrower interval.
Detailed explanation-2: -The general form of the confidence interval is ‘ point estimate ± M × S E ^ ( estimate ) . ‘ The point estimate is the sample proportion, , and the estimated standard error is S E ^ ( p ^ ) = p ^ ( 1 − p ^ ) n .
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