Mathematics, 12.03.2020 01:30 brien301
Forty-five CEO’s from the electronics industry were randomly sampled and a 99 % % confidence interval for the average salary of all electronics CEO’s was constructed. The interval was $101,866<μ<$115,016 $101,866<μ<$115,016 To make more useful inferences from the data, it is desired to reduce the width of the confidence interval. What will result in a reduced interval width? Select one: a. Any of these methods will result in a reduced interval width. b. Keep the sample size the same and decrease the confidence level. c. Keep the sample size the same and increase the confidence level. d. Decrease the sample size and keep the same confidence level.
Answers: 2
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Forty-five CEO’s from the electronics industry were randomly sampled and a 99 % % confidence interva...
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