You see that we cant predict whether the next sample will hit or miss. The confidence level,
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- You see that we can’t predict whether the next sample will hit or miss. The confidence level, however, tells us what percent will hit in the long run. Reset the applet and click “Sample 25” to get the confidence intervals from 25 SRSs. How many hit? Keep clicking “Sample 25” and record the percent of hits among 100, 500, and 1000 SRSs. Even 1000 samples is not truly “the long run,” but we expect the percent of hits in 1000 samples to be fairly close to the confidence level, 80%.
Related Book For
Introduction To Statistics And Data Analysis
ISBN: 9780495118732
3rd Edition
Authors: Roxy Peck, Chris Olsen, Jay L. Devore
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