Confidence Interval

//Confidence Interval

Confidence Interval

“Confidence intervals consist of a range of values (interval) that act as good estimates of the unknown population parameter; however, the interval computed from a particular sample does not necessarily include the true value of the parameter.” (related: error bar)

Source:
Gabriel Weinberg’s Mental Models I Find Repeatedly Useful

2018-09-24T08:36:39+00:00