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

Course 2 chapter 1 ratios and propotional reasoning, find the unit rate. Ro...

find the unit rate. Round to the nearest hundredth in necessary 325 meters in 28 seconds

Why is it important the the enlightenment grew out, Why is it important the...

Why is it important the the Enlightenment grew out of the salons and other meeting places of Europe? Who was leading the charge? Why was this significant? Where there any names or

Pairs of straight lines, The equation ax2 + 2hxy + by2 =0 represents a pair...

The equation ax2 + 2hxy + by2 =0 represents a pair of straight lines passing through the origin and its angle is tan q = ±2root under h2-ab/(a+b) and even the eqn ax2+2hxy+by2+2gx+

Write triangles named by the lengths of their sides, Write Triangles Named ...

Write Triangles Named by the Lengths of Their Sides? An equilateral triangle is a triangle with three congruent sides. All three sides of this triangle are the same lengt

Find the sum of a+b and a-b, Find the sum of a+b, a-b, a-3b, ...... to 22 t...

Find the sum of a+b, a-b, a-3b, ...... to 22 terms. Ans:    a + b, a - b, a - 3b, up to 22 terms d= a - b - a - b = 2b S22 =22/2 [2(a+b)+21(-2b)] 11[2a + 2b - 42b] =

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