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4-2 Journal: Understanding Confidence Intervals

Teleshia Colvin

Southern New Hampshire University

1. Understanding confidence Intervals displays the probability that a parameter will fall between a pair of values around the mean which measures the degree of certainty and uncertainty in a sampling method. A Confidence Interval consist of two parts the estimation of parameter the second part is the margin of error. When gambling is compared to confidence intervals When something has a probability, you cannot measure it. You can take samples and get a result, which will be somewhere near the probability for instance I started school already as a sub teacher waiting to take the test to become a teacher with the degree that I have is a good start and I chose to start teaching until I have my final degree that is a gamble because I assume that I will pass this course before I take the test. But on the other hand, because it may not be a 95% chance that it will fall in the interval time frame that will be the risk you take all the way round.

Taylor, Courtney. "The Use of Confidence Intervals in Inferential Statistics." ThoughtCo, Aug. 27, 2020, thoughtco.com/what-is-a-confidence-interval-3126415.