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Title: The confidence coefficient is: Post by: tennisalex on Feb 19, 2023 The confidence coefficient is: ▸ the probability that the confidence interval encloses the population parameter in repeated samplings. ▸ the amount of confidence we have that the point estimate accurately depicts the unknown parameter. ▸ the confidence we have that the parameter can be estimated by the chosen estimator. ▸ the coefficient of the estimator that gives the necessary confidence that it is the MVUE (minimum variance unbiased estimator). Title: Re: The confidence coefficient is: Post by: Zigdog4400 on Feb 19, 2023 Content hidden
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