PLEASE ANSWER Draw a LINE OF BEST FIT on the scatter plot below. (Draw Picture)
1 answer:
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Answer:
1) Increase the sample size
2) Decrease the confidence level
Step-by-step explanation:
The 95% confidence interval built for a sample size of 1100 adult Americans on how much they worked in previous week is:
42.7 to 44.5
We have to provide 2 recommendations on how to decrease the margin of Error. Margin of error is calculated as:
Here,
is the critical z-value which depends on the confidence level. Higher the confidence level, higher will be the value of critical z and vice versa.
is the population standard deviation, which will be a constant term and n is the sample size. Since n is in the denominator, increasing the value of n will decrease the value of Margin of Error.
Therefore, the 2 recommendations to decrease the Margin of error for the given case are:
- Increase the sample size and make it more than 1100
- Decrease the confidence level and make it lesser than 95%.