Interpreting a confidence interval for a mean
p
A
confidence interval
can be
expressed as:
p
±
m
m
is called the
margin of error
p
Two endpoints of an interval:
m
possibly within (
−
m
) to (
+
m
)
Example: 114 to 126
n
A
confidence level
C
(in %)
indicates the success rate of the
method that produces the
interval.
n
It represents the area under the
normal curve within ±
m
of the
center of the curve.
m
m