Write short explanation of meaning of the confidence level

Reference no: EM131419522

Try 80% and 99%. Refer to the previous two exercises. Repeat the generation of 1000 intervals for the two other choices of confidence level, 80% and 99%. Report the percent hit for the 1000 confidence intervals generated for these two selections, and compare these with those you found in the previous two exercises.

Write a short explanation of the meaning of the confidence level based on the four possible selections available in the Confidence Interval applet.

Reference no: EM131419522

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