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Author Question: Explain how precision for a confidence interval is related to the width of the confidence ... (Read 125 times)

fasfsadfdsfa

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on: Jun 24, 2018
Explain how precision for a confidence interval is related to the width of the confidence interval.

Question 2

What do statisticians mean by the term accuracy?


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Chocorrol77

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Reply #1 on: Jun 24, 2018
Answer to Question 1

Precision refers to the distance between the lower limit and the upper limit of a confidence interval. The wider the interval the less the precision.

Answer to Question 2

Accuracy is the difference between the observed sample statistic and the actual value of the population parameter being estimated. This may also be referred to as estimation error or sampling error.


fasfsadfdsfa

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

adammoses97

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Reply 3 on: Yesterday
Excellent

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