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Confidence IntervalStats/Inferential 2020. 1. 16. 00:00
1. Overview 2. Description 2.1 Confidence Interval A confidence interval is a range within which you expect the population parameter to be and its estimation is based on the data we have in our sample. when our confidence is lower the confidence interval itself is smaller. Similarly, for a 99 percent confidence interval, we would have higher confidence but a much larger confidence interval that'..