Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. statistics
  3. consider the phrase \"confidence interval\" - what

Consider the phrase \"confidence interval\" - what does the word \"confidence\" imply and what is the...

70.2K

Verified Solution

Question

Statistics

Consider the phrase \"confidence interval\" - what does the word\"confidence\" imply and what is the information provided by the word\"interval\"?

Answer & Explanation Solved by verified expert
4.2 Ratings (713 Votes)
In statistics the confidence or confidence level indicates the probability with which the estimation of the location of a statistical parameter eg an arithmetic mean in a sample survey is also true for the population Degree of confidence    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Civil Engineering
1.2K views

1. Define the terms \"geodetic height\", \"geoidal height\", and \"orthometric height\", present the equation that expresses...

Biology
1.2K views

Five True False questions 1 2 of body weight Present cells Lipids 2 True False...

Biology
1.2K views

2 Pierce worked problem Make a table and for the E coli strains with the...

Physics
1.2K views

A metallic rod of length 1 resistance R is free to rotate about one of...

Geometry
1.2K views

ind the angle of least positive measure in degrees not equal to the given with...

Basic Math
1.2K views

Find all critical points of the function f(x) = x ? 2x + 4

Accounting
1.2K views

Syto Products operates a job-order costing system and applies overhead cost to jobs on the...

Accounting
1.2K views

2. Explain the following: (a) Budgeting process 12 marks] (b) Cash budget 6 marks]

Accounting
1.2K views

3. Collins Co. had the following account balances: Sales revenue $ 1,000,000 Cost...

Accounting
1.2K views

A company's flexible budget for 45,000 units of production showed variable overhead costs of $60,750...

Accounting
1.2K views

Current Attempt in Progress Fire Out Company manufacturss its product, Vitadrink, through two manufacturing processes:...

Finance
1.2K views

A Hedge fund has a management fee of 3% on their assets under management and...