ci_interp - compute the endpoints, not in the particular...

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Confidence Intervals Interpretation
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Answers
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Is it correct to say this? “There’s a 99% chance  that the mean number of credits for  all first-time CPA candidates will be between 141.17 and  141.45 credits.” Well…technically no.  We use the word “confidence” because  probabilities are not assigned to particular confidence  intervals.  We are confident in the formula or method used to 
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Unformatted text preview: compute the endpoints, not in the particular set of endpoints we get, so we use language like that instead of “probability that…” or “% chance that…”. See notes on this discussion and the Confidence Intervals Demo at Sakai (Resources > Demos)....
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This note was uploaded on 11/15/2011 for the course ACCT 207 taught by Professor Hudchinson during the Fall '08 term at University of Delaware.

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ci_interp - compute the endpoints, not in the particular...

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