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oee [108]
3 years ago
10

What do we hope to capture within a confidence interval?

Business
1 answer:
labwork [276]3 years ago
4 0
The confidence interval is an interval estimate for a parameter value which gives an estimated range of values which is likely to include an unknown population parameter
At least 90% of (a large series of) 90% confidence intervals will include the unknown true values of the parameters.
<span>We use this interval to determine the probability that the confidence interval produced will contain the true parameter value</span>
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