iv) Confidence Interval
• Fill the missing piece
http://en.wikipedia.org/wiki/Confidence_interval
Concepts of
Confidence
interval
Meaning:
Drawing N sample and construct N
different CI, 95% of the observed
confidence intervals will hold the
true value of the parameter.
After a sample is taken, the population
parameter is either in the interval made or not,
there is no chance.
i.e. Prob (θ| sample observation) = 0 or 1