Harriet has £600.
2 answers:
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Answer:
The interval from the sample of size 400 will be approximately <u>One -half as wide</u> as the interval from the sample of size 100
Step-by-step explanation:
From the question we are told the confidence level is 95% , hence the level of significance is
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Generally from the normal distribution table the critical value of is
Generally the 95% confidence interval is dependent on the value of the margin of error at a constant sample mean or sample proportion
Generally the margin of error is mathematically represented as
Here assume that is constant so
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So let and
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So From this we see that the confidence interval for a sample size of 400 will be half that with a sample size of 100