The range of values around the point estimate that captures the true population parameter at some predetermined confidence level is called a ________ interval.
- Confidence
- Correlation
- Deviation
- Variable
The range of values around the point estimate that captures the true population parameter at some predetermined confidence level is called a confidence interval. Confidence intervals are used in statistics to indicate the reliability of an estimate.
Loading...
Related Quiz
- What is the impact of a large sample size on the confidence interval of the mean?
- How does the sample size impact the result of a Z-test?
- In simple linear regression, the assumption that the variance of the errors is constant across all levels of the independent variables is known as ________.
- What is the concept of "Type I" error in the context of hypothesis testing?
- Why might you use a non-parametric test over a parametric one?