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Running head: THE PAYMENT TIME CASE1The Payment Time CaseT’Keyah BrooksQNT/561August 26, 2019Dr. David FogartyThe Payment Time Case
THE PAYMENT TIME CASE2Confidence interval is a statistic estimate that helps us to give a range of probability or a range of approval for some unknown value based on the results from a sample. Most people use the 95% confidence in building the confidence interval. It allows a bigger interval and helps withfinding a more acceptable value during research from different samples. Also, it clearly shows the importance of the sample size, as a bigger sample size will give more accurate results than a smaller one. It also allows a bigger interval so researchers can obtain the point estimate and confidence level, therefore, it helps to find a true or acceptable value during a research from different samples that are obtained. With this it brings more accurate information and certain samples to be more believable using the 95% interval This