Question
Download Solution PDFWhich of the following factors does not usually affect the width of a confidence interval?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is - Population size
Key Points
- Population size
- Confidence intervals are typically calculated using the sample statistics rather than the size of the entire population.
- In most practical applications, the population is considered infinitely large, making population size an irrelevant factor in determining the width of a confidence interval.
- The finite population correction (FPC) is only applied when the sample is a significant fraction of the total population (typically >5%), which is uncommon in large populations.
- Sample size
- Larger sample sizes result in narrower confidence intervals due to reduced standard error.
- Confidence desired
- Higher confidence levels (e.g., 99% vs 95%) require wider intervals to ensure greater certainty of capturing the true parameter.
- Variability in the population
- Higher variability (or standard deviation) leads to wider confidence intervals to accommodate the increased uncertainty.
Additional Information
- Formula for confidence interval width
- For means: CI = x̄ ± Z*(σ/√n)
- Key variables affecting width:
- Z*: Depends on the confidence level.
- σ: Population standard deviation (variability).
- n: Sample size.
- Finite Population Correction (FPC)
- Used only when the sample is a large proportion of the population.
- FPC = √((N - n)/(N - 1)), where N = population size, n = sample size.
- In most exam scenarios, FPC is negligible, so population size does not affect confidence interval width.
- Common misconceptions
- Assuming that a larger population always increases uncertainty — this is incorrect unless FPC is applied.
- Believing population size directly affects width — in standard practice, it does not.
Last updated on Jun 26, 2025
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