Question
In which of the following case the range of expected
inflation is higher with reference to Quarterly Projection of CPI Inflation?Solution
More the Confidence Interval more is the range. Refer ESI Class No.1 in 120 Days Plan. Take this example: In no negative marking exam consisting 50 MCQs, the range of marks is 0-50, so I can tell with 100% confidence that candidate will get 0-50 marks. But when I expect marks 40-45 then probability of success will reduce. So, for exam purpose just remember higher confidence interval means more probability getting answer correct and it has wider range.
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