MATH 533 Week 4 Discussion; Confidence Intervals in Business (Keller)
MAGNARY DIABATE SundayJan 24 at 3:08pm Manage Discussion Entry Professor, Confidence intervals represent the range of uncertainty associated with the estimation of a statistic (mean, proportion, or standard deviation, etc.). There is always a risk of sampling error associated with an estimate. Confidence intervals are useful for establishing bounds for estimating, in particular, the mean or standard deviation, but also regression coefficients, proportions, frequency rates, and differences between populations. Also, a 95% confidence interval i
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