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Honors Stats 6F Flashcards | StudBud
Honors Stats 6F
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What is a confidence level?
A
If I took many samples, that % of statistics would capture the parameter
B
It gives a reasonable range of values for an unknown parameter
C
How sure I am that my confidence interval predicts my parameter value
D
It gives the probability that my parameter is between two bounds
E
If I took many samples, that % of intervals would capture the statistic
F
If I took many samples, that % of intervals would capture the parameter
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