... confidence). For example, we can consider 90%, 95%, 97%, 99% and so on. If confidence level (degree of confidence) is the probability that the confidence interval actually does contain the population parameter, why not use 99% degree of confidence all the time in which gives us more confidence about our results?
When we estimate population mean, we have several choices for confidence level (degree of?
- Posted:
- 3+ months ago by ayp123
- Topics:
- degrees, level, example, choice, confidence, population, degree, probability
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