A random sample of 36 scores is taken and gives a sample mean (sample mean score) of 68. Find a confidence interval estimate for the population mean exam score (the mean score on all exams). Find a 90% confidence interval for the true (population) mean of statistics exam scores. You can use technology to calculate the confidence interval directly.
Syntax. CONFIDENCE (alpha,standard_dev,size) The CONFIDENCE function syntax has the following arguments: Alpha Required. The significance level used to compute the confidence level. The confidence level equals 100* (1 - alpha)%, or in other words, an alpha of 0.05 indicates a 95 percent confidence level. Standard_dev Required.
A point estimate is a single number. Whereas, a confidence interval, naturally, is an interval. The two are closely related. In fact, the point estimate is located exactly in the middle of the confidence interval. However, confidence intervals provide much more information and are preferred when making inferences.
9Ow7B.