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Confidence intervals: The confidence interval is defined as a set of values in which the true parameter population falls within. Confidence intervals are often misinterpreted

Confidence intervals:The confidence interval is defined as a set of values in which the true parameter population falls within.

Confidence intervals are often misinterpreted and commonly confused with the probability that something is likely to happen.

Give an example of how calculating a confidence interval is similar to or different than gambling.

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