What does the confidence level measure?
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Studied at Massachusetts Institute of Technology (MIT), Lives in Cambridge, MA
A 95% confidence interval does not mean that 95% of the sample data lie within the interval. A confidence interval is not a definitive range of plausible values for the sample parameter, though it may be understood as an estimate of plausible values for the population parameter.
2023-06-27 09:38:31
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Julian Davis
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A 95% confidence interval does not mean that 95% of the sample data lie within the interval. A confidence interval is not a definitive range of plausible values for the sample parameter, though it may be understood as an estimate of plausible values for the population parameter.