Relationship between these components and understand the trade-off reducing risk and precision

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For this Discussion, you will explore the relationship between these components and understand the trade-off between reducing risk in our confidence of estimates and increasing precision.

Use the Course Guide and Assignment Help found in this week’s Learning Resources to search for a quantitative article related to confidence intervals.
Using the SPSS software, General Social Survey dataset (Attached) and choose a quantitative variable that interests you.

Using SPSS:

Take a random sample of 100.
Calculate the 95% confidence interval for the variable.
Calculate a 90% confidence interval.
Take another random sample of 400.
Calculate the 95% confidence interval for the variable.
Calculate a 90% confidence interval.

Post your results and an explanation of how different levels of confidence and sample size affect the width of the confidence interval. Next, consider the statement, “Confidence intervals are underutilized” and explain what the implications might be of using or not using confidence intervals. Provide examples based on the results of your data. Also, use your research to support your findings.POST CHART

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