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Distinguish between certainty and precision of an interval

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Reference no: EM131672958

Question: Distinguish between the certainty and precision of an interval estimate.

• The precision of an estimate is determined by the range of the confidence interval. The certainty of an estimate is determined by the level of confidence.

• To be more certain that an interval contains a population parameter, we must typically give up precision.

Reference no: EM131672958

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