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consider the statement, Confidence intervals are underutilized, and explain what the implications might be of usingor not usingconfidence intervals. I know that confidence intervals are
consider the statement, "Confidence intervals are underutilized," and explain what the implications might be of usingor not usingconfidence intervals.
I know that confidence intervals are used because it is impossible to survey entire populations, and drawing conclusions from a random sample is more cost-effective but what exactly is this question asking? I don't think they are underutilized because most research relies on data from smaller sample sizes of the population, so again I am confused. Any help is greatly appreciated!
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