Description
One can calculate the 95% confidence interval for the mean with the population standard deviation known. This will give us an upper and a lower confidence limit. What happens if we decide to calculate the 99% confidence interval?
Your task for this discussion is as follows:
- Describe how the increase in the confidence level has changed the width of the confidence interval. Do the same for the confidence interval set at 80%.
- Include an example with actual numerical values for the intervals in your post to help with your explanations.
Explanation & Answer
Please find attached the discussion post in word and PDF format. Please note both files are exactly same content-wise.Thanks.
1. width of confidence interval increases when confidence level changes from 95% to 99% and
width of confidence interval decreases when confidence level changes from 95% to 80%.
2. We take a sample of 80 students, who got a mean score of 78 in exam. If it is known that
population standard deviation is 8. We can find confidence interval for given three confidence
levels.
We know, lower confidence limit for confidence interval for the mean with the population
standard deviation known is given by:
𝑥̅ − 𝑧𝛼/2 ∗
𝜎
√𝑛
Whereas, upper confidence limit for confidence interval for the mean with the population
standard deviation known is given by:
𝑥̅ + 𝑧𝛼/2 ∗
𝜎
√𝑛
With change in confidence level from 95% to 99% or to 80%, the value of 𝑧𝛼/2 changes, which
leads to change in lower and upper confidence limits, so confidence interval c...