SOLUTION: The maximum error of estimate is a function of three factors: the level of confidence, sample size, and standard deviation. Is it true or false, and why or why not?

Algebra ->  Probability-and-statistics -> SOLUTION: The maximum error of estimate is a function of three factors: the level of confidence, sample size, and standard deviation. Is it true or false, and why or why not?      Log On


   

Question 620910: The maximum error of estimate is a function of three factors: the level of confidence, sample size, and standard deviation. Is it true or false, and why or why not?
Answer by solver91311(24713) About Me  (Show Source):
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True.

If population is known, then

If population is not known, then

Either way, the three elements of the formula are level of confidence, standard deviation (population or sample), and sample size.

John

My calculator said it, I believe it, that settles it
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