In which case is the confidence interval for β narrow? A) When b is large, implying a relatively precise knowledge of the value of β. B) When s_b is large, implying a relatively precise knowledge of the value of t. C) When b is small, implying a relatively precise knowledge of the value of β. D) When n is large, implying a relatively precise knowledge of the value of t. E) When s_b is small, implying a relatively precise knowledge of the value of β.

Question

Quizplus · Accepted Answer

A narrow confidence interval for β occurs when the standard error of the estimate (s_b) is small, indicating more precise estimation of β.

In Which Case Is the Confidence Interval for β Narrow