Question
Hi- can you please provide a simple and easy to understand response to this discussion post? How might adding confidence intervals help managers accept the
Hi- can you please provide a simple and easy to understand response to this discussion post?
How might adding confidence intervals help managers accept the results better? Why? Ask a manager in your organization if they would prefer a single point estimate or a range for important measures, and why? Because it would include a range of results instead of just one. With confidence intervals you have to establish the mean and difference between the values. According to Tanner & Youssef -Morgan, "confidence intervals are only calculated for significant results" (Tanner & Youssef-Morgan, 2013). I asked a manager and they prefer to get range for important measures because it would get better results and helps for the outcome. Most companies it's best to get a range of measures for the results in situations. Tanner, D. E., & Youssef-Morgan, C. M. (2013). Statistics for managers [Electronic version]. Retrieved from https://content.Ashford.edu
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