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The vast majority of the world uses a 95% confidence in building confidence intervals. Give your opinion on why 95% confidence is so commonplace. Justify
The vast majority of the world uses a 95% confidence in building confidence intervals. Give your opinion on why 95% confidence is so commonplace. Justify your response. Read the article on "How Confidence Intervals are Used In Business" in the Instructor Insights tab for Week 7. Provide one example of how a confidence interval could be used in a business, sports, health care, political, etc. environment. Please identify a level of confidence in your example (.90, .95, .99). Please explain in your response what concerns you would have using the confidence interval as a valid estimator of a population parameter and how you would go about addressing those concerns
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