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MATH 534 Week 4 Discussion Confidence Intervals in Business (Keller)
- Institution
- Devry University
Confidenceintervalsrepresenttherangeofuncertaintyassociatedwiththeestimation of a statistic (mean, proportion, or standard deviation, etc.). There is always a risk ofsampling error associated with an estimate. Confidence intervals are useful forestablishing bounds for estimating, in particular, th...
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