Answered: The confidence level of an interval…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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The confidence level of an interval estimate of a parameter is the probability that the interval estimate will contain the parameter.

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Step 1

Confidence interval:

A range of values that the population parameter can be expected to contain for the given confidence level is termed as the confidence interval.

In other words, it can be termed as an interval estimate of the population parameter which is calculated for the given data based on a point estimate and for the given confidence level.

Moreover, the confidence level indicates the possibility of the confidence interval may also contain the population parameter. Usually, the confidence level is denoted by a where the value is chosen by the researcher.

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