In your own words, explain what the margin error is?
[Review Question]: In your own words, explain what the margin error is? How do the confidence level, sample size and population stand deviation (sigma) affect the margin error? [Review Question]: How to explain the statement “the 95% confidence interval is [1,3]?” Justify each of the following interpretation (why it is right or wrong?) A) 95% of the values in the population […]