When contructing​ 95% confidence interval for the mean when the parent population i right kewed and the ample ize i​ mall, the pro

When contructing​ 95% confidence interval for the mean when the parent population i right kewed and the ample ize i​ mall, the proportion of interval that include the population mean approache

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  1. So when parent population is right-skewed and the sample size is small, the percentage of intervals that include population mean is (above, below, equal to) 0.95 when building 95% confidence intervals for said mean.

    Explain the term confidence interval?

    A confidence level of both the CI refers to the likelihood that its confidence interval contains the actual population mean value.
    • Any confidence level can be used to determine a CI, although 95% is the most typical value.
    • A 95% confidence interval, strictly speaking, means that if we generate a 95% confidence interval each of 100 independent samples, then about 95 of a 100 confidence intervals include the true mean value (μ).
    Thus, when parent population is right-skewed and the sample size is small, the percentage of intervals that include population mean is (above, below, equal to) 0.95 when building 95% confidence intervals for said mean.
    To know more about the confidence interval, here
    #SPJ4

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