Confidence Interval


In statistics, a confidence interval is a range of values that is likely to contain an unknown population parameter with a certain level of confidence, based on a given set of sample data. The level of confidence is typically expressed as a percentage, and the width of the interval depends on the variability of the data and the sample size. A confidence interval is used to estimate the precision of a sample statistic and to provide a range of plausible values for the population parameter. The wider the interval, the less precise the estimate, and the narrower the interval, the more precise the estimate.


Your Previous Searches
Random Picks

  • Security Safeguards: Security safeguards refer to measures taken to protect data and systems from unauthorized access, use, disclosure, disruption, modification, or destruction. In the context of data science and artificial intelligence, security safeguards are ... Read More >>
  • Project Schedule: Project Schedule refers to a document that outlines all the tasks, activities, milestones, and deliverables that are required to complete a project within a specific timeframe. It is a critical component of project management as it helps to ... Read More >>
  • Benchmarking: Benchmarking is the process of comparing the performance of a system or component against a standard reference point or other systems or components in order to identify areas for improvement. In data science and artificial intelligence, ben ... Read More >>
Top News

Uber CEO Dara Khosrowshahi calls Elon Musk's vision for Tesla robotaxis 'pretty ...

Uber CEO Dara Khosrowshahi appeared on Friday's episode of the Hard Fork podcast, where he spoke about the future of the autonomous vehicle industry....

News Source: Business Insider on 2024-10-20

After Cynthia Erivo Called "Wicked" Fan Art "Offensive," Ariana Grande Has Offer...

"It's so much bigger than us."View Entire Post ›...

News Source: Buzzfeed on 2024-10-20

Google Research execs reveal how they use AI in their daily lives — and where ...

Google execs on the Research team told Business Insider their favorite uses of AI, like looking up products with Lens or translating pages....

News Source: Business Insider on 2024-10-20

Google DeepMind CEO Demis Hassabis explains what needs to happen to move from ch...

Demis Hassabis, the CEO of Google DeepMind, recently discussed what he thinks will be the next phase of AI after chatbots....

News Source: Business Insider on 2024-10-19

This is OpenAI CEO Sam Altman's favorite question about AGI...

Altman said artificial general intelligence will facilitate "scaffolding that exists between all of us."...

News Source: Business Insider on 2024-10-19