Confidence interval, Advanced Statistics

Confidence interval: A range of the values, calculated from the sample observations which is believed, with the particular probability, to posses the true parameter value. A 95% confidence interval, for instance, implies that were the estimation process which was repeated again and again, then 95% of the calculated intervals would be expected to include the true parameter value. Note that the stated probability level refers to the properties of the interval and not to the parameter itself which is not considered to be the random variable.

Posted Date: 7/27/2012 12:54:59 AM | Location : United States

Related Discussions:- Confidence interval, Assignment Help, Ask Question on Confidence interval, Get Answer, Expert's Help, Confidence interval Discussions

Write discussion on Confidence interval
Your posts are moderated
Related Questions
Designs in which the information on main effects and low-order inter- actions are attained by running only the fraction of the complete factorial experiment and supposing that part

Conjoint analysis : The method used basically in market research which is similar in many respects to the various dimensional scaling. The method attempts to assign values to the l

Obuchowski and Rockette method  is an alternative to the Dorfman-Berbaum-Metz technique for analyzing multiple reader receiver operating curve data. Instead of the modelling the ja

Probabilistic matching is a method developed to maximize the accuracy of the linkage decisions based on the level of agreement and disagreement among the identifiers on different

Uncertainty analysis is the process for assessing the variability in the outcome variable that is due to the uncertainty in estimating the values of input parameters. A sensitivit

Barnard, George Alfred (1915^2002) : Born in Walthamstow in the east of London, Barnard achieved a scholarship to St. John's College, Cambridge, from where he graduated in the math

Cluster sampling : A method or technique of sampling in which the members of the population are arranged in groups (called as 'clusters'). A number of clusters are selected at the

Lagging indicators: The part of a collection of the economic time series designed to give information about the broad swings in measures of the aggregate economic activity known a

The measure of the degree to which the particular model differs from the saturated model for the data set. Explicitly in terms of the likelihoods of the two models can be defined a

The term used for the estimation of the misclassification rate in the discriminant analysis. Number of techniques has been proposed for two-group situation, but the multiple-group