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
How many terms are in the expression below n2 + 6n - 3
dmitriy555 [2]

There is three terms in the expression "n2+6n-3".

In Algebra a term is either a single number or variable, or numbers and variables multiplied together. Terms are separated by + or − signs, or sometimes by divide.

7 0
3 years ago
N/2 + 3 = 7 (n/2 is a fraction)
pishuonlain [190]

Answer:

n=8

Step-by-step explanation:

n/2+3=7

-3 -3

n/2 = 4

*2 *2

n=8

3 0
3 years ago
The time in Wellington is 11 hours ahead of the time in London. What time is it in Wellington when it is 6 15 am in London?
olasank [31]

Answer:

5:15 pm

Step-by-step explanation:

Hope this helps!

6 0
2 years ago
PLSSSSSSSSS help just open it and help me PLSSSSSSSSS
Nastasia [14]
There is not question?
7 0
3 years ago
Give two ways to write c + 15 in words
olasank [31]

Answer:

A number is added to fifteen

A variable increased by fifteen

4 0
3 years ago
Other questions:
  • Full-time ph.d. students receive an average of $12,837 per year with a standard deviation of $3000. find the probability that th
    6·1 answer
  • 16. The number of members at a local church since
    10·1 answer
  • Is 16 over 5 rational or irrational or not a real number
    11·2 answers
  • 1) Matthew worked 354 hours in a week
    14·1 answer
  • Susan makes 5 fruit cups for the picnic. In each cup, she has 5 strawberries and 3 kiwi. Joanna uses the same number of total fr
    5·2 answers
  • The sides of a triangle are in the ratio 3:4:5. What is the length of each side if the perimeter of
    14·1 answer
  • Why you shouldn't pick on a girl for their grens
    12·2 answers
  • 1. Each of three friends—Lin, Jada, and Andre—had the goal of raising $40.
    7·2 answers
  • Frankie’s car broke down. The repair costs are $400. Because he does not have any money saved, he will have to get a "payday loa
    14·1 answer
  • Please answer my question
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!