Create and Interpret a 95% Confidence Interval

question 43

Essay

Create and interpret a 95% confidence interval.

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Definitions:

Big Data

Extremely large data sets that may be analyzed computationally to reveal patterns, trends, and associations, especially relating to human behavior and interactions.

Data Intelligence

The analysis and interpretation of collected data to derive meaningful and actionable insights, often used in business strategy and decision-making.

Data Tabulation

The process of organizing data into tables or charts for easier analysis and interpretation.

Data Visualization

The graphical representation of information and data, using visual elements like charts, graphs, and maps to make data more easily understandable.