10. Confidence Intervals
Inferential statistics deals with making inferences about a population parameter using information contained in the sample. Estimation and Hypothesis testing are two types of inferential statistics. There are two types of estimation: point and interval estimation.
- The sample mean is a point estimate of the population mean
- The sample proportion is a point estimate of the population proportion .
An interval estimate or confidence interval provides two values, where all real numbers between these values are considered as an estimate to the population parameter.
- interval estimate of the mean
- interval estimate of the proportion
Adapted from Python for Introductory Statistics, by Simon Aman (Truman College, City Colleges of Chicago), licensed under CC BY 4.0. Changes were made: reformatted as an accessible XYZ web edition with live in-browser code cells. License: CC-BY-4.0.