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Rent - Find CI - Intro to Inferential Statistics

  • 0:00 - 0:06
    Let's just first find what this value should be. We have 2.064 standard errors
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    below 1700. So this should be 1700 minus 2.064 standard errors, which is 200
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    divided by the square root of 25. This calculates to $1,617.44. And then we'll
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    do the same thing with this value on the right of 1700. We have 1700 plus 2.064
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    standard errors, and this comes out to $1,782.56. And there we have our 95%
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    confidence interval.
Title:
Rent - Find CI - Intro to Inferential Statistics
Description:

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Video Language:
English
Team:
Udacity
Project:
UD201 - Intro to Inferential Statistics
Duration:
0:46
Udacity Robot edited English subtitles for 06-52 Rent - Find CI
Udacity Robot edited English subtitles for 06-52 Rent - Find CI
Udacity Robot edited English subtitles for 06-52 Rent - Find CI
Udacity Robot edited English subtitles for 06-52 Rent - Find CI
Udacity Robot edited English subtitles for 06-52 Rent - Find CI
Udacity Robot edited English subtitles for 06-52 Rent - Find CI
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