What does the confidence interval indicate?

What does the confidence interval indicate?

Confidence intervals denote – as the name suggests – intervals with an upper and a lower limit. They indicate the reliability of the estimate of a required parameter, for example the mean value. The most common confidence interval is the 95% confidence interval.

Which confidence interval is wider?

The confidence interval would have been wider if the proportion of supporters in the sample had been larger. The confidence interval would be wider if the proportion of supporters and the proportion of opponents in the sample had been the same.

What is the confidence level?

Definition of confidence level The confidence level indicates the probability with which the position estimate of a statistical parameter (for example a mean value) from a sample survey is also correct for the population.

What does confidence interval mean?

The confidence interval, also called KI for short, is a statistical interval that is intended to localize the position of a true parameter of a population with a certain probability.

What is the Value at Risk?

If you translate “Value at Risk” literally, you get the “endangered value” or “assets that are exposed to risk”.

What does standard error mean?

Interpretation of the result: The standard error states how far the mean value of the sample deviates from the actual mean value. Note the larger the sample (s), the smaller the standard error.