Confidence Interval Table

Confindence interval table with their equivalent z-score is added below:

Confidence Level

Critical Value (Z-Score)

90%

±1.645

95%

±1.96

99%

±2.576

Confidence Intervals for Population Mean and Proportion

Confidence intervals for population mean estimate the range within which the true mean lies, based on sample data. For proportions, they estimate the range within which the true population proportion lies. Both intervals reflect statistical certainty about the estimates.

This article explains confidence intervals, their calculation, interpretation, and applications for population means and proportions in statistics.

Table of Content

  • Defining Confidence Interval
  • Formula for Confidence Interval
  • Confidence Interval Table
  • Calculating Confidence Interval
  • Example of Confidence Interval Calculation

Similar Reads

Defining Confidence Interval

Confidence interval is an estimated range within which the true value of a population parameter, like a mean or proportion, is likely to fall. It is derived from sample data. A confidence interval is the range of values from the data of a sample, in which there is a chance of the true population value, such as a mean or a proportion, to be included, with a predetermined level of confidence....

Formula for Confidence Interval

Formula for calculating a confidence interval depends on the type of data and the parameter that are estimated. For example, if estimating a population mean with a known standard deviation, the formula for confidence interval is:...

Confidence Interval Table

Confindence interval table with their equivalent z-score is added below:...

Calculating Confidence Interval

Confidence interval can be easily calculated by following the steps added below:...

Example of Confidence Interval Calculation

Example 1: We gathered data from 50 randomly selected surveys and calculated that the average completion time was 8 minutes, with a standard deviation of 2 minutes. Find 95% confidence interval....

Conclusion

Confidence intervals provide estimated ranges where the true population parameter likely lies, offering insight into the precision of statistical estimates. By accounting for sampling variability, they aid in decision-making and inference. Understanding how to calculate and interpret confidence intervals enhances the reliability of statistical analyses and research findings....

FAQs on Confidence Intervals for Population Mean and Proportion

What is Confidence Interval?...