Hello Friends,
In our previous article, we introduced to Statistics and Sampling Distribution using Python . Continuing with that, in this post we will deep dive into understanding “Confidence Intervals” using python. Data Scientist use a confidence interval to describe the amount of uncertainty associated with a sample estimate of a population parameter. The confidence level describes the uncertainty associated with a sampling method.
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Further interested in learning Stats and Confidence Interval – Give a try on this book “Hypothesis Testing: A Visual Introduction To Statistical Significance”
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