Friday, April 28, 2006

Last Minute Tip #2

Speaking of confidence intervals, I also noticed at the review session that you guys are great at interpreting the INTERVAL:

I am 95% confident that the true percentage of Laker fans lies between 85% and 92%.

But not so great at interpreting the confidence LEVEL:

This procedure, when repeated over and over, would produce intervals that would contain the true percentage 95% of the time.

Hope this helps also.

(This tip was NOT brought to you by Coke.  Coke gives you the runs.)