The probability that the interval estimation procedure will generate an interval that does not contain the actual value of the pop

Question

The probability that the interval estimation procedure will generate an interval that does not contain the actual value of the population parameter being estimated is the?

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Thiên Di 3 days 2022-12-31T16:02:08+00:00 1 Answer 0 views 0

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    2022-12-31T16:03:58+00:00
    The probability that the interval estimation procedure will generate an interval that does not contain the actual value of the population parameter being estimated is the confidence coefficient.
    Simply put, probability is the likelihood that something will occur. When we don’t know how an event will turn out, we can discuss the likelihood or likelihood of several outcomes. Statistics is the study of events that follow a probability distribution.
    The area of mathematics known as probability deals with numerical representations of the likelihood that an event will occur or that a statement is true. An event’s probability is a number between 0 and 1, where, roughly speaking, 0 denotes the event’s impossibility and 1 denotes certainty.
    Learn more about probability here
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