Statistics & DataSuperchallengeConfidence Intervals
Confidence Intervals · Superchallenge problem
A normal sampling distribution has standard error 1, so the usual 95% interval for is , of width . An analyst instead builds a 95% interval that puts 4% of the miss probability on the low side and 1% on the high side: , where and . By how much is this interval WIDER than the usual one? Round to two decimal places.