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I have a data set with 20 data points. The mean for the data is 0.83, and the 95% confidence interval is +/- 0.1 for
I have a data set with 20 data points. The mean for the data is 0.83, and the 95% confidence interval is +/- 0.1 for a confidence interval of 0.73-0.93. 14 of my data points fall outside this range. My question is this: would anything about these data points be considered "unusual"? Does it have any meaning that so many are outside the confidence interval range? This is for an econometrics class (doing statistics review).
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