Week 4 stats 4 - Ultimately confidence levels can be used...

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The confidence levels are a way to measure reliability of an outcome. We saw this illustrated very well through our trash bag example. In using the confidence intervals, the company could determine whether or not they truly had the strongest trash bag.
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Unformatted text preview: Ultimately confidence levels can be used to decide whether or not they need to change something in order to make the trash bags stronger or if it is time to utilize the confidence level to their advantage in their marketing strategies....
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This note was uploaded on 03/26/2012 for the course STATISTIC GM533 taught by Professor Henry during the Fall '10 term at Keller Graduate School of Management.

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