When to use a t-value based confidence interval

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What is meant by 'confidence level' and why is it different than 'confidence interval'? What is the difference between a 'point estimate' and a 'confidence interval'? When trying to estimate a population mean, when will we use a z-value based confidence interval? When do we use a t-value based confidence interval? What is a 'proportion'? How many students must we sample if we want to be within 4% of the true proportion of female students at DeVry University when using a 95% confidence interval?

Reference no: EM13119369

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