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Confidence Interval for the Mean


In this video we'll look at how to build a confidence interval around the mean of a population. The confidence level is something that we choose based on how confident we want to be in our conclusion. Of course, it's intuitive to think that we want to be as confident as possible, but choosing a higher confidence level comes with drawbacks when we're conducting a test.

Rating: E
Production Year: 2021
Duration: 22 min
Series: Sampling
Printable Resources: Yes

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