What is the meaning of a confidence interval?

Short Answer

Expert verified

Thus, the specific probability, an interval that contains the accepted/true value (confidence level).

Step by step solution

01

Definition of confidence interval

A confidence interval is the range of values we see in our sample and for which we expect to discover a value that accurately represents the population.

02

The definition of a confidence interval

  • The confidence interval is a range of values in which the parameter's real value is most likely to be found.
  • With a specific probability, an interval that contains the accepted/true value (confidence level).

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