the numbers placed are all correct. for the table when it says confidence coeffi
ID: 2930059 • Letter: T
Question
the numbers placed are all correct.
for the table when it says confidence coefficient is .86, how was this calculated?
Explanation / Answer
Confidence cofficient =confidence level/100
Here
confidence level for an interval which is defined as if at a particular confidence level we constructing confidence intervals many times then there is chance that confidence level times those interval contains true population parameter
i.e.let 95 % confidence level then that means if we construct many 95% level confidence interval then 95% of those intinterval will contain true parameter value
so for 95%confidence level
confidence cofficient=95/100=0.95
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