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Interpreting the Confidence Interval

Interpreting the Confidence Interval

Get an overview of interpreting the confidence interval.

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Given that both confidence intervals are quite similar, let’s focus our interpretation to only the percentile-method confidence interval of (-0.238, 0.302). Recall from the Precise and Shorthand Interpretation lesson that the precise statistical interpretation of a 95% confidence interval is: If this construction procedure is repeated 100 times, then we expect about 95 of the confidence intervals to capture the true value of p^\hat{p}seedp^\hat{p} ...