Confidence interval is a range on either side of a sample mean. Alpha is the significance level used to compute the confidence level. Confidence level equals 100 (1 - alpha)%.
Confidence interval is a range on either side of a sample mean. Alpha is the significance level used to compute the confidence level. Confidence level equals 100 (1 - alpha)%.
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Confidence interval is a range on either side of a sample mean. Alpha is the significance level used to compute the confidence level. Confidence level equals 100 (1 - alpha)%.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as PPT, PDF, TXT or read online from Scribd
12 Anoop Mathur Prof. Neeta Gupta 17 Ashok Dutt Pant 36 Pranshul Yadav 42 Sahil Bhatia 45 Shashank Sachdeva 54 Vaibhav Gupta CONFIDENCE INTERVAL • Confidence interval is a range on either side of a sample mean.
• Alpha is the significance level used to compute the confidence
level. •The confidence level equals 100*(1 - alpha)%. •An alpha of 0.05 indicates a 95 percent confidence level.
• Standard deviation is the population standard deviation for the
data range and is assumed to be known.
• Size is the sample size.
• Area under the standard normal curve that equals (1 - alpha), or
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