What does a confidence interval represent

Reference no: EM133406690

Questions:

What is the significance level? Why is it important for hypothesis testing?
What does a confidence interval represent? Why is it important to follow up your hypothesis test with confidence interval calculations?
Why is it a good idea to follow up your hypothesis test with a measure of effect size?
Explain what the probability level means. Why is it important for hypothesis testing?
When do we set the significance level? Why do we do that?

Reference no: EM133406690

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