Explore BrainMass

Explore BrainMass

    Why Care About Confidence Intervals?

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Why do we care about confidence intervals? In most situations, we can't ever know whether our confidence interval is "correct" or "incorrect." Why bother?

    © BrainMass Inc. brainmass.com June 4, 2020, 3:20 am ad1c9bdddf

    Solution Preview

    Why do we care about confidence intervals?

    Answer: The reason why we care about confidence intervals is that we do NOT know the true value of a given statistic. Usually we can use statistical method to estimate the true value of given statistic from sampling, but we still do not know what ...

    Solution Summary

    This solution explains the importance of confidence intervals.