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What percentage of the time produces desired result

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Reference no: EM131728626

Question: Explain in your own words what it means to say that we have 95% confidence in the interval estimate. Then give an example of something you do in your life that illustrates the same concept: You follow the same procedure each time, and it either works (most of the time) or does not work to produce the desired result. What confidence level would you assign to the procedure in your example; that is, what percentage of the time do you think it produces your desired result?

Reference no: EM131728626

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