Description
250 words. 2 scholary sources. APA Format.
Confidence Intervals (CI) are used when you collect sample data to make a decision for a bigger population. Choose some type of sample data from your own organization or another organization in which you are interested. Describe how confidence intervals might be useful in evaluating the data to make a decision for the bigger population. Specify if you would use confidence intervals for mean or proportion in your discussion.
Explanation & Answer
Here you go.
Running head: BUSINESS STATISTICS
1
Business statistics
Course name
Student’s name
Professor’s name
Institutional Affiliation:
Date
BUSINESS STATISTICS
2
Business statistics
Confidence Interval (CI) is a type of interval estimate parameter that is normally
computed from a set of sample data. It tries to describe how much uncertainty results from a
particular statistic (Richter & Zuwaylif, 1987). From a small sample, we can be able to tell
whether the results reflect what we would expect if the test were done on the entire population.
The data below...
Review
Review
24/7 Homework Help
Stuck on a homework question? Our verified tutors can answer all questions, from basic math to advanced rocket science!
Similar Content
Related Tags
The Point of it All - A Lifetime of Great Loves and Endeavors
by Charles Krauthammer
Fences
by August Wilson
Les Miserables
by Victor Hugo
The Outsiders
by S.E. Hinton
The Lord of the Flies
by William Golding
Ethan Frome
by Edith Wharton
Big Little Lies
by Liane Moriarty
Jane Eyre
by Charlotte Brontë
Pachinko
by Min Jin Lee