Learning Objective: Understand how to construct and interpret confidence intervals for population parameters.
Duration: 15 minutes
Key Point: A 95% confidence interval means that if we repeated our sampling process many times, 95% of the intervals would contain the true population parameter.
Generate samples and observe how confidence intervals behave:
Question: If you calculate 100 90% confidence intervals from different samples, about how many would you expect to contain the true population mean?
After experimenting with the simulation: