Answer:
Step-by-step explanation:
Confidence intervals have been underutilized prior to this time.
The implications of not using confidence intervals include:
- The under-representation or over-representation of research results that amounts from the use of a single figure to represent a statistic.
- In Market Research analysis, neglecting the use of confidence intervals will increase the risk of your portfolio.
Implications/Importance of using confidence intervals include:
- Calculation of confidence interval gives additional information about the likely values of the statistic you are estimating.
- In the presentation and comprehension of results, confidence intervals give more accuracy from the data or metrics captured.
- Given a sample mean, confidence intervals show the likely range of values of the population mean.
