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Results tagged with confidence-interval
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user 349499
A confidence interval is an interval that covers an unknown parameter with $100(1-\alpha)\%$ confidence. Confidence intervals are a frequentist concept. They are often confused with credible intervals which is the Bayesian analog.
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How to construct a confidence interval for the average of discrete values between 0 and 1?
I have data where each person can take 5 potential values of $(0, 0.25, 0.5, 0.75, 1)$. Each person is part of a larger group of 3 people, so that the reported value for each group is the average of 3 …
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