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Describe how confidence intervals are generally used in estimating the measures of central tendency for a population. Provide a detailed interpretation of the confidence interval

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  • Describe how confidence intervals are generally used in estimating the measures of central tendency for a population.
  • Provide a detailed interpretation of the confidence interval in terms of the average relative skill of teams in the range of years that you picked.
  • How would your interval be different if you had used a different confidence level?
  • What is the probability that a given team in the league has a relative skill level less than that of the team that you picked? Is it unusual that a team has a skill level less than your team?
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8. Condence lntervala for the Average Relative Skill of All Teams in 'lour Team's 'feara ln the Python script, you calculated a 95% condence interval Jfor the average relative slcill of all teams in the league during the years of your team. Additionally, you calculated the probability that a given team in the league has a relative skill level less than that of the team that you picked. See Step 8 in the Python script to address the following items: I: Report the confidence interval in a formatted table as shown below. Table 4. Condence Interval for Average Relative Skill of Teams in Your Team's Years condence Lelrel an (1502. 02 lSD'i'. 18} *Pound o' to 2 decimal places. a Describe how confidence intervals are generally used in estimating the measures of central tendency Jfor a population. I Provide a detailed interpretation of the condence interval in terms of the average relative skill of teams in the range of years that you picked. a How would your interval be dh'ferent if you had used a different condence level? a What is the probability that a given team in the league has a relative slrill level less than that of the team that you picked? is it unusual that a team has a slcill level less than your team? [5 Answer the questions in a paragraph response. Remove all questions and this note {but not the table} before submitting! Do not include Python code in your report

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