Discuss the type of situation in which we would want a 95% confidence interval. When would we want a 99% confidence interval?
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Solution 1
A 95% confidence interval is typically used when you want to be 95% confident that the true population parameter (like mean, proportion, difference in means, etc.) falls within the interval. This is the most common level of confidence used in many fields of study, including business, psychology, hea Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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