Question: Please discuss why confidence intervals are important in the area of statistics and clearly explain when each method listed below is used: Confidence Intervals for

Please discuss why confidence intervals are important in the area of statistics and clearly explain when each method listed below is used:

Confidence Intervals for the Mean ( Known), Confidence Intervals for the Mean ( Unknown), Confidence Intervals for Population Proportions, and Confidence Intervals for Variance and Standard Deviation

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