Business Studies, asked by irinaishita, 1 day ago

Explain what precision and confidence are and how they would influence sample size.

Answers

Answered by u9850719
0

Answer:

If you increase your sample size you increase the precision of your estimates, which means that, for any given estimate / size of effect, the greater the sample size the more “statistically significant” the result will be.

Answered by namitamitra613
0

Answer:

The confidence interval represents the precision with which we are able to report the effect size, and the larger the sample, the more precise the estimate. As a practical matter, sample size is often the dominant factor in determining the precision.

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