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QUESTION
Suppose that you computed a 95% confidence interval for a population mean.
6–4. Suppose that you computed a 95% confidence interval for a population mean.The user of the statistics claims your interval is too wide to have any meaning in thespecific use for which it is intended. Discuss and compare two methods of solving thisproblem.
In classical inference there are two ways of dealing with any inferencial problem. First is point estimation and second is interval estimation. In our problem we have done an interval estimation....