Because the sample is a relatively small portion of the entire population, errors will have to be considered. Using a sample to create a range or interval of values that estimates a population value is called a “confidence interval.”
Sample statistics; Confidence interval and portions Description Sample statistics, such as the sample mean or the sample proportion, can be used to estimate a population parameter (such as the population mean or the population proportion). For example, you can estimate the true mean weight of all full-term newborn babies in the entire world by collecting […]