Solution-How are confidence intervals calculated

How are confidence intervals calculated

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A 95% confidence interval is not so much a statement about any particular interval, such as (79.3, 80.7), but pertains to what would happen if a very large number of like intervals were to be constructed. That is, from a practical point of view, the 95% gives the fraction of the time, in repeated sampling, that the intervals constructed will contain the target parameter µ. How are confidence intervals calculated?

Reference no: EM131008566

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How are confidence intervals calculated

Reference no: EM131008566

Reference no: EM131008566

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