Confidence Interval Formula:
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A confidence interval (CI) is a range of values that's likely to include a population parameter with a certain degree of confidence. It provides an estimated range of values which is likely to include an unknown population parameter.
The calculator uses the confidence interval formula:
Where:
Explanation: The formula calculates the margin of error (z × standard error) and adds/subtracts it from the sample mean to create the interval.
Details: Confidence intervals provide more information than point estimates alone. They indicate the precision of an estimate and the uncertainty around it, helping in statistical inference and decision making.
Tips: Enter the sample mean, standard deviation, and sample size. Select the appropriate z-score for your desired confidence level (or enter a custom z-score). All values must be valid (n > 0, σ ≥ 0).
Q1: What's the difference between 90%, 95%, and 99% CIs?
A: Higher confidence levels create wider intervals. A 95% CI means if we repeated the study 100 times, we'd expect the interval to contain the true parameter 95 times.
Q2: When should I use a t-score instead of z-score?
A: Use t-scores when sample size is small (typically n < 30) and population standard deviation is unknown.
Q3: What does a narrow vs wide CI indicate?
A: Narrow CIs suggest more precise estimates (usually from larger samples or less variability). Wide CIs indicate more uncertainty.
Q4: Can CIs be used for hypothesis testing?
A: Yes, if a CI doesn't contain the null value (often 0), you can reject the null hypothesis at that confidence level.
Q5: What are common z-score values?
A: 1.645 (90% CI), 1.96 (95% CI), and 2.576 (99% CI) are most common for normal distributions.