Dylan Reynolds

Math 1040
14 April 2016
Term Project Part 4: Individual Confidence Intervals
A confidence interval is a very useful and important way of making an accurate estimate
of a population parameter. Instead of just saying things like, It is highly unlikely that this does
not just happen by chance, or that It is very likely that this is just happening by chance, we
have a numerical parameter estimate. Instead of stating whether or not we have significant
evidence for or against a null hypothesis, a confidence interval can give an actual estimate that is
accurate and dependable. An example of this would be, We are 95% confident that (0.70-0.75)
of the students at SLCC drive to school each day. This is a lot easier to understand and to trust
and gives a better idea of what is going on. We can gain a better generalization of the whole
population based on a confidence interval. Of course there is always some margin of error, but it
is mostly accurate and concise if good randomization was done with the sample.