Introduction to Confidence Interval Estimation in Business Statistics (Week 13A)

Описание: A common use of statistics is to estimate population parameters that we do not know from sample statistics that we do know. In addition to a point estimate (mean), we also create an range of scores that contains the mean a certain percent of the time. We can be specific with the point estimate and we can be accurate with the confidence interval. This gives us a measure of how confident we can be about our point estimate.

Lecture date: Tuesday, April 13, 2021
Missouri State University

Statistics Instructors: you are free to link to this video and the playlist for your seated or online statistics course or for other educational purposes.

Edited in Camtasia 2020
Visual and audio content from DigitalJuice.com
Music: 248609_theBlues_15_Standard
Source: Digital Juice Royalty Free Music

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