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The idea of a confidence level, say (1 ) 100%, is that in a large number of intervals created (1 ) of the intervals would
The idea of a confidence level, say (1 ) 100%, is that in a large number of intervals created (1 ) of the intervals would contain the true value. write a python code simulate this idea. Simulate 10,000 datasets each of size 15 from a normal distribution with mean 5 and standard deviation 1. For each data set calculate a 95% CI for : y 1.96(1/ 15) Determine the proportion of intervals that contain the true value of = 5
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