vault backup: 2024-01-29 14:22:30

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zleyyij 2024-01-29 14:22:30 -07:00
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@ -77,4 +77,9 @@ This equation should be a review:
$$ SE_{ave} = \frac{SD}{\sqrt{size\space samp}} $$
The above equation will give you an interval that you can be 95% confident that the true random will be within that point.
95% does *not* mean that 95% of the data is in the interval, it just means we are 95% confident that the actual point is going to lie within the range specified.
95% does *not* mean that 95% of the data is in the interval, it just means we are 95% confident that the actual point is going to lie within the range specified.
A confidence interval is only valid if the sample is not a simple random sample.
If we're using two standard deviations, the below statement can be used:
"We can be 95% confident that the interval \[we have constructed] contains the true average \[thing being measured]."