Precision and confidence are interrelated and within a given sample size, increasing one may be done at the expense of the other.

Name: Precision and confidence are interrelated and within a given sample size, increasing one may be done at the expense of the other.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Precision and confidence are inversely related. This means that to increase precision, you may need to decrease confidence, and vice versa. Within a given sample size, increasing one may be done at the expense of the other.

Precision and Confidence Are Interrelated and Within a Given Sample