What is Confidence Interval?

OPTIONS

• Interval between 2 consecutive sets of data population
• Estimated range of values which is likely to include the parameter of the population
• Interval between each measurement to gain confidence
• Interval between the Measure and Analyze phase

ANSWER

Estimated range of values which is likely to include the parameter of the population

EXPLANATION

Confidence intervals give an estimated range of values, known as Margins or Confidence Interval widths, which are likely to include the parameter of the population.