Confidence interval, Mathematics

Assignment Help:

Confidence Interval

The interval estimate or a 'confidence interval' consists of a range as an upper confidence limit and lower confidence limit whether we are confident that a population parameter lies and we assign a probability that this interval includes the true population value

The confidence limits are the outer limits to a confidence interval. Confidence interval is the interval among the confidence limits. The higher the confidence level the greater the confidence interval. For illustration:

A normal distribution has the given characteristic as:

i.                    Sample mean ± 1.960 σ contains 95 percent of the population

ii.                  Sample mean ± 2.575 σ contains 99 percent of the population

 


Related Discussions:- Confidence interval

Theorem, Theorem, from Definition of Derivative  If f(x) is differenti...

Theorem, from Definition of Derivative  If f(x) is differentiable at x = a then f(x) is continuous at x =a. Proof : Since f(x) is differentiable at x = a we know, f'(a

30-60-90 degree triangle, : Find the length of the hypotenuse of a right tr...

: Find the length of the hypotenuse of a right triangle if the lengths of the other two sides are both 3 inches.

Multiplying fractions involving negative numbers, Q. Multiplying Fractions ...

Q. Multiplying Fractions Involving Negative Numbers? Ans. If you have only one negative sign, the result is still negative: If you have more than one, just remembe

12, Ask question #Minimum 100 words accepted linear algebra

Ask question #Minimum 100 words accepted linear algebra

Sequence, how to find the indicated term?

how to find the indicated term?

Fractions, how can I compare fractions with unlike denominators?

how can I compare fractions with unlike denominators?

How to solving one-step equations, How to Solving One-Step Equations? E...

How to Solving One-Step Equations? Equations, where one math operation is acting on the variable, can be solved in one step. The trick is to get the variable x by itself - isol

Method of cylinders or method of shells, Method of cylinders or method of s...

Method of cylinders or method of shells The formula for the area in all of the cases will be,                                                        A = 2 ∏ ( radius ) (heig

Characteristics of exponential smoothing, Characteristics of Exponential Sm...

Characteristics of Exponential Smoothing 1. More weight is described to the most recent data. 2. All past data are incorporated not like in moving averages. 3. Les

Accumulated amount , $26,000 is spended for two years. In the first year it...

$26,000 is spended for two years. In the first year it gets interest at 8.3% p.a. compounded semi annually. In the same year the rate of interest changes to 7.5% p.a. compounded da

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd