STATISTICAL TECHNIQUES AND TOOLS
CONCEPT OF POINT AND INTERVAL ESTIMATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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For 95% confidence level, the coefficients are
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True
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False, it’s
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False, it’s
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None of the above
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Explanation:
Detailed explanation-1: -The z-score for a 96% confidence interval is approximately 2.576. This means that if you have a normal distribution and you want to find the interval that covers 96% of the data, you would find the mean of the distribution and then add and subtract 2.576 standard deviations from it to get the interval.
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