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Author Question: Explain what it would take in order to construct a 100 confidence interval and why that is not ... (Read 45 times)

littleanan

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on: Jul 24, 2018
Explain what it would take in order to construct a 100 confidence interval and why that is not usually a feasible option.

Question 2

Explain (in words that a non-statistics student would understand) what is meant by a 95 confidence interval.'


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ktidd

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Reply #1 on: Jul 24, 2018
Answer to Question 1

YOU WOULD EITHER HAVE TO 1) MEASURE THE ENTIRE POPULATION AND FIND THE TRUE VALUE (WHICH IS TIME CONSUMING AND EXPENSIVE); OR 2) OFFER THE ENTIRE RANGE OF POSSIBLE VALUES IN YOUR CONFIDENCE INTERVAL (WHICH WOULDN'T BE MEANINGFUL).

Answer to Question 2

AN INTERVAL OF VALUES THAT COVERS THE TRUE POPULATION VALUE FOR 95 OF THE SAMPLES SELECTED.


littleanan

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Reply 2 on: Jul 24, 2018
:D TYSM

smrtceo

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Reply 3 on: Yesterday
Excellent

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