Confidence Interval Memo
Team C
Research and Evaluation I (RES/341)
University of Phoenix
July 5, 2009
Confidence Interval Memo:
TO: Richard A. Stanley
FROM: Team C
DATE: July 5, 2009
SUBJECT: The confidence intervals and how they impact our business decision
Attn: Richard Stanley
A confidence interval is an interval approximation of a populace boundary. The data used was based on price versus distance. The information we used to determine the confidence intervals was based on how the real estate market fluctuated due to the distance of a prime location. There was a 95% confidence level. A confidence interval is always certified by a particular confidence level that is mostly articulated as a percentage. The closing points of the confidence interval are referred to as confidence limits. With any given assessment procedure in a most circumstances, the more elevated the confidence level, the wider the confidence interval will be.
Based on the confidence......
Join Now or Login to view the rest of this paper.
Approximate Word Count: 306
Approximate Pages: 2 (260 words per double-spaced page) |