Get my Easy-To-Understand Lecture Notes on Confidence Intervals at: www.NoMoreSadistics "Taking the Sadistics out of learning Statistics" The links for them are at the top...
Amir H. Ghaseminejad shows the meaning of Confidence Interval with a simple example. There are two schools in statistics. In the frequentist school, The parameters...
I illustrate the confidence interval construction with an example: the P/E ratio of 28 companies. The point is to say with confidence (eg, 95%) that...