Finding the Critical Value that corresponds to the given Confidence Level | Confidence Interval

Statistics and Probability

Finding the Critical Value that corresponds to the given Confidence Level | Confidence Interval

In statistics, a confidence interval (CI) is a type of estimate computed from the statistics of the observed data. This gives a range of values for an unknown parameter (for example, a population mean). The interval has an associated confidence level that gives the probability with which an estimated interval will contain the true value of the parameter. The confidence level is chosen by the investigator.

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