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 often used in regression analysis A confidence interval is a single value A confidence interval gives us a range of plausible values of an unknown value based on results from a sample
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