jamie5520 jamie5520
  • 17-08-2020
  • Mathematics
contestada

Confidence Interval: What is the 95% confidence interval to estimate the population mean?

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JeanaShupp
JeanaShupp JeanaShupp
  • 19-08-2020

Answer: The 95% confidence interval  to estimate the population mean describes a range of values that a person can be 95% sure that it contains the population mean.

Step-by-step explanation:

A 95% confidence interval for population mean ([tex]\mu[/tex]) is an interval on which a person can be 95% confident that the true population mean lies in it.

i.e. The probability that it contains the true population mean is 95%.

i.e. P( Sample mean- margin of error < [tex]\mu[/tex] < Sample mean + margin of error) = 0.95.

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