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19 September, 07:11

Why can you never really have 100% confidence of correctly estimating the population characteristic of interest?

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  1. 19 September, 10:08
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    In statistics, a confidence interval (CI) is a kind of interval estimate of a population parameter and is used to indicate the reliability of an estimate. It is an observed interval (i. e. it is calculated from the observations), in principle different from sample to sample, that frequently includes the parameter of interest, if the experiment is repeated. How frequently the observed interval contains the parameter is determined by the confidence level or confidence coefficient.
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