The width of two-sided confidence interval decreases as the sample size increases and increases as the confidence level increases.
Confidence interval : In Statistic, confidence interval is a range of estimates for unknown parameters.
The formula for the interval can be expressed as:
Confidence Interval (CI ) = X bar +_ Z( S/√n)
Where,
X bar ---> the sample mean
S ---> the sample standard deviation
n --> the sample size Z---> Z-value which comes from normal distribution
From the formula we can conclude the below points about confidence interval :
So, Confidence interval varies with sample mean, confidence level and standard deviations.
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