confidence intervals

How to Calculate Confidence Intervals?

To calculate a confidence interval, you typically need the following:
1. Sample Mean (x̄): The average measurement from your sample.
2. Standard Deviation (σ): A measure of the variability in your sample.
3. Sample Size (n): The number of measurements in your sample.
4. Confidence Level (CL): The probability that the true parameter lies within the interval, commonly set at 95% or 99%.
The formula for a confidence interval for the mean is given by:
\[ CI = x̄ \pm Z \left( \frac{σ}{\sqrt{n}} \right) \]
where Z is the Z-score corresponding to the desired confidence level.

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