Answer:
(1)
The margin of error is given by:
And we can reduce this margin of error with:
Increasing the sample size
Step-by-step explanation:
Previous concepts
A confidence interval is "a range of values that’s likely to include a population value with a certain degree of confidence. It is often expressed a % whereby a population means lies between an upper and lower interval".
The margin of error is the range of values below and above the sample statistic in a confidence interval.
Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".
represent the sample mean
population mean (variable of interest)
represent the population standard deviation
n represent the sample size
The confidence interval for the mean is given by the following formula:
(1)
The margin of error is given by:
[tex] ME= z_{\alpha/2}\frac{\sigma}{\sqrt{n}}
And we can reduce this margin of error with:
Increasing the sample size
