The order of calculate the confidence interval for the mean are as follows:
1. Select sample stat
2. select desired confidence
3. determine margin of error
4. specify upper and lower limits
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The order of calculate the confidence interval for the mean are as follows:
1. Select sample stat
2. select desired confidence
3. determine margin of error
4. specify upper and lower limits
Let's know:
What is Confidence Interval?
A confidence interval gives an estimated range of values which is likely to include an unknown population parameter, the estimated range being calculated from a given set of sample data.
The common notation for the parameter in question is θ. Often, this parameter is the population mean μ , which is estimated through the sample mean bar x.
The level C of a confidence interval gives the probability that the interval produced by the method employed includes the true value of the parameter θ.
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