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Confidence level and the precision of estimate

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When constructing confidence intervals, there is always a trade-off between the confidence level and the precision of estimate. Which one do you think is more important and why? (Max 3 sentences).

Reference no: EM131407138

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Trade-off between the confidence level : When constructing confidence intervals, there is always a trade-off between the confidence level and the precision of estimate. Which one do you think is more important and why? (Max 3 sentences).

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