Applied Impact Evaluation
A confidence interval is a range of values that is used to estimate the true value of a population parameter, such as a mean or proportion, with a specified level of confidence. This interval provides not just an estimate but also an indication of the uncertainty associated with that estimate, typically expressed as a percentage, like 95% or 99%. The confidence interval is crucial in understanding the variability of data and helps researchers interpret results in experiments, including those involving randomization and sampling techniques.
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