Describing level of significance

Reference no: EM13112850

1. When we say we have a confidence level of 95%, what do you think our "margin of error" is?

2. If we move the level of confidence from 95 to 99%, what will happen to our margin of error? What will happen to the width of our confidence interval?

3. Would we have gotten a better feel for the amount of flour needed if we'd used a larger sample? Why (mathematically) would this happen?

Reference no: EM13112850

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