1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alenkinab [10]
3 years ago
13

Discuss how knowing the confidence interval for some statistical parameter (typically, but not always, the mean value) can affec

t the decision-making we conduct around that parameter on engineering projects. What might we do differently as a result of having confidence in a range of values rather than feeling we actually know a specific value?
Mathematics
1 answer:
hodyreva [135]3 years ago
8 0

When we carry out a Measurement of a population, we take into account different patterns when estimating both the final prediction - to which the projected survey is projected - as well as the quality of said measurement. When such measurement is made, the estimated range of data belonging to an unknown population and which in turn will be included in said measurement must be taken into account. This range is what we know as the Confidence Interval, whose value has generally been standardized at 95%.

The meaning of this Interval is no more than 95% reliability against repeated samples that could alter the final result. The value of the parameter allows you to 'immunize' against these problems. Instead of providing a timely estimate of the parameter of interest, the confidence interval provides an estimate of the parameter interval.

In the event that a specific value is sought in the result or from the sample, and we would like to obtain a range of those parameter values, it is when the Confidence Interval tool is of vital importance, as it will give the required result.

You might be interested in
There are 25 computers in a math lab. there are 6 activity booklets for every 2 computers in the math lab. how many activity boo
blagie [28]
There are around 8 booklets in the lab because 6÷2 is 3 and 25÷3=8.3333333333333333333
3 0
3 years ago
Read 2 more answers
P=2W+2L solve for W​
WARRIOR [948]

Answer:

What's the value for P and L?

Step-by-step explanation:

2W = 2L - P

W = (2L - P) / 2

5 0
3 years ago
Help test plsss I will give the first person brainlest
Ket [755]

Answer: 306.9

Step-by-step explanation: 3.1 x 11 = 34.1 x 9 = 306.9

5 0
3 years ago
Read 2 more answers
Which statement best describes making payments with a debit card?
FromTheMoon [43]
The answer is A.payments are directly deducted from your account
5 0
3 years ago
Which answer is the most reasonable estimation? Lance is organizing his baseball card collection into albums. Each album can hol
RSB [31]
Hello there.

Which answer is the most reasonable estimation? Lance is organizing his baseball card collection into albums. Each album can hold up to 50 cards. He has 202 cards in his collection. About how many albums will Lance need? A. about 5 B. about 10 C. about 50 D. about 150

Answer: A) 5

8 0
3 years ago
Read 2 more answers
Other questions:
  • Please help!! Will put most brainliest!! Picture inserted
    6·1 answer
  • -(6-4p)<br> Can someone please help me. Thank you
    9·1 answer
  • HELP PLEASE HELP WILL GIVE POINTS PLEASE!!!!!!!!!
    8·1 answer
  • A pair of jeans is on sale for 25% off the original price. Which expression represents the sale price ? If the original price of
    7·1 answer
  • Look at the screenshots for the answers. (50 points)
    15·2 answers
  • Does anyone know how to convert meters per second into miles per hour? if possible, plz post the exact equation
    13·1 answer
  • Which inequality is shown above
    12·1 answer
  • Write an equation for the nth term of the arithmetic sequence.<br> 17, 12, 7, 2, ...<br> an=
    6·1 answer
  • Round 5/8 to the nearest whole number ​
    10·1 answer
  • What do you think the answer is?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!