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Intro to Statistics- Final Exam (100 OUT OF 100) 49 Questions and Answers (Already GRADED A)
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Explain what we mean by a confidence level (exp. 95%)
The percentage of intervals, based on all possible samples of the same size taken from the same population, that contain the parameter.
For example, if we construct 100 95% confidence intervals using 100 samples of the same size, approximately 95 of the intervals will contain the true parameter and 5 will not.
A point estimate is the value of a _________ that estimates the value of a ____________
statistic, parameter
...
Exam (elaborations)
Intro to Statistics- Final Exam (100 OUT OF 100) 49 Questions and Answers (Already GRADED A)
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ago
Explain what we mean by a confidence level (exp. 95%) The percentage of intervals, based on all possible samples of the same size taken from the same population, that contain the parameter. For example, if we construct 100 95% confidence intervals using 100 samples of the same size, approximately 95 of the intervals will contain the true parameter and 5 will not. A point estimate is the value of a _________ that estimates the value of a ____________ statistic, parameter ...
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