Learn basic techniques for constructing and interpreting confidence intervals, as well as what they can tell you about your personal and business decisions.
Business Analytics: Understanding and Using Confidence Intervals
Overview
Syllabus
Introduction
- The applicability of confidence intervals
- Confidence intervals in everyday life
- Purpose of confidence intervals
- The calculation of confidence intervals
- Sample and a population parameters
- Interpret confidence intervals
- Choose and calculate the right standard error
- Distributions: z versus t
- Arrange for the original metric
- Calculate confidence intervals with software
- Compare means using confidence intervals
- Design the analysis
- Quantify the mean difference
- Use R to compare means
- Next steps
Taught by
Conrad Carlberg
