How would you use confidence intervals in your daily life?
70.2K
Verified Solution
Link Copied!
Question
Statistics
How would you use confidence intervals in your daily life?
Answer & Explanation
Solved by verified expert
4.1 Ratings (721 Votes)
For most things in daily life youll never need a formal CI However we humans use informal CIs all the time A formal CI is a mathematical function an informal CI is a pretty good guess of a range of valuesFor instance you may not know how much money is in your pocket down to the penny but
See Answer
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!