Introduction to Confidence Intervals
A confidence interval is a range of valuesthat encloses a parameter with a given likelihood.So let’s say we’ve a sample of 200 people from a population of 100,000. Our sample data come up with a correlation of 0.41 and indicate thatthe 95% confidence interval for this correlationruns from 0.29 to 0.52.This means that the range of […]