Question: When should we use a confidence interval? A confidence interval is an estimate of an interval in which future observations will not fall, with a

When should we use a confidence interval? A confidence interval is an estimate of an interval in which future observations will not fall, with a certain probability, given what has already been observed Confidence intervals are not used in both frequentist statistics and Bayesian statistics A confidence interval is a range of values, derived from sample statistics, that is most likely to contain the value of an unknown population parameter Prediction intervals predict the distribution of many future points

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