Question

How do you construct confidence interval for a statistic? What are its implications?

08 Mar 2018
Answer :
Word Count : 343

There are four steps to constructing a confidence interval.

  • Identify a sample statistic. Choose the statistic (e.g, sample mean, sample proportion) that you will use to estimate a population parameter.
  • Select a confidence level. As we noted in the previous section, the confidence level describes the uncertainty of a sampling method. Often, researchers choose 90%, 95%, or 99% confidence levels; but any percentage can be used.
  • Find the margin of error. If you are working on a homework problem or a test question, the margin of error may be given. Often, however, you will need to compute the margin of error, based on one of
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