More than one confidence interval. As we prepare to take a
Chapter , Problem 6.37(choose chapter or problem)
More than one confidence interval. As we prepare to take a sample and compute a 95% confidence interval, we know that the probability that the interval we compute will cover the parameter is 0.95. Thats the meaning of 95% confidence. If we plan to use several such intervals, however, our confidence that all of them will give correct results is less than 95%. Suppose that we plan to take independent samples each month for five months and report a 95% confidence interval for each set of data.
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