49904 250296 what this means in our example either so

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Unformatted text preview: 9904, 2.50296] 100 100 Terminology. (see top of page 228) 4 5 See §2.7. √ Using the normalization we did for the normal distributions; σ 2 /n = (σ / n)2 . 3 • the interval in (4.2) is called the 100(1 − α) percent confidence interval ; it is a random interval (has a different value for each sample) • 1 − α is the confidence coefficient ; 100(1 − α) is the confidence level • for our example, we can say that we are 95% confident that µ ∈ [2.49904, 2.50296]. What this means. • in our example, either µ ∈ So 95% has nothing to do here. [2.49904, 2.50296] or µ ￿∈ [2.49904, 2.50296...
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