skips

What is the main difference between the Confidence Level and Confidence Interval.

Hey guys! One more question stuck, anyone know about the Confidence Level and Confidence Interval.

Add a comment

0%

6 replies

home alone!!

" Each interval is constructed with regard to a given confidence leveland is called a confidence interval. The confidence interval is given as Point estimate Margin of error The confidence level associated with a confidence interval states how much confidence we have that this interval contains the true population parameter."

Add a comment

saligrama

The chances that the value of a new parameter declines in just a given variety of prices

Add a comment