Question

Say that a supplier claims they are 99% confident that their products will be in the interval of 50.02 to 50.38. You take samples and find that the 99% confidence interval of what they are sending is 50.01 to 50.39. What conclusion can be made

Answer 1

The supplier becomes less accurate than they otherwise would have tried to claim. A further explanation is below.

Explanation:

According to the provider, this same width of that same confidence interval would be as follows:

=
`50.38 - 50.02`

=
`0.36`

Depending on the input observed, the width including its confidence interval would be as follows:

=
`50.39 - 50.01`

=
`0.38`

As even the width of that interval again for survey asserted > the width including its confidence interval according to the provider's statement, we could conclude that such is the appropriate reaction.