Confidence Interval Basics, Importance and How to calculate Confidence Interval
This video explains about the basics & Importance of confidence Interval and How to calculate confidence Interval using a real example.
In statistics, we often use samples to make inferences about a larger population. However, since we are only using a sample, there is always some uncertainty about our estimates. This is where confidence interval comes in
00:00 - Introduction
00:30 - Basics
01:42 - Empirical Rule
02:19 - Formula for Confidence Interval Calculation
03: 12 - Importance of Confidence Interval
04:05 - Confidence Interval problem and solution
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