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Understanding confidence intervals

What do we mean by confidence intervals - provide an example that illustrates your answer.

Suppose we were to apply 95% and 99% confidence to your study results.. how might your result differ and why?

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What do we mean by confidence intervals - provide an example that illustrates your answer.

Suppose we were to apply 95% and 99% confidence to your study results.. how might your result differe and why?

Answer:

Confidence Interval:
A confidence Interval for the mean is an estimate interval constructed with respect to the sample mean by which the likelihood that the interval includes that value of the population mean can be specified.

The level of Confidence associated with a confidence interval indicates the long-run percentage of such intervals which would include the parameter being ...

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This solution helps explain confidence intervals. An example is included in the solution.

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