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Provide a personal example of a Confidence Interval. Briefly explain YOUR example. For YOUR example, what alpha would you use and why? Provide an illustration
Provide a "personal example" of a Confidence Interval. Briefly explain YOUR example.
For YOUR example, what "alpha" would you use and why?
Provide an illustration of the confidence interval for YOUR example.
For YOUR example, provide an example of the "action" you would take if a current measurement were in the upper tail of the distribution.
For YOUR example, provide an example of the "action" you would take if a current measurement were in the lower tail of the distribution.
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