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  • 11-03-2018
  • Business
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What do we hope to capture within a confidence interval?

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LearnGrow
LearnGrow LearnGrow
  • 21-03-2018
The confidence interval is an interval estimate for a parameter value which gives an estimated range of values which is likely to include an unknown population parameter
At least 90% of (a large series of) 90% confidence intervals will include the unknown true values of the parameters.
We use this interval to determine the probability that the confidence interval produced will contain the true parameter value
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