95% Confidence Interval Formula:
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A 95% confidence interval (CI) is a range of values that you can be 95% certain contains the true mean of the population. It provides an estimate of the precision of your sample mean.
The calculator uses the standard formula:
Where:
Explanation: The interval is constructed by adding and subtracting 1.96 standard errors from the sample mean. This creates a range that would contain the true population mean in 95% of samples.
Details: Confidence intervals provide more information than p-values alone. They indicate both the size of the effect and the precision of the estimate, helping researchers assess clinical or practical significance.
Tips: Enter the sample mean and standard error. The standard error should be > 0. The calculator will output the lower and upper bounds of the 95% CI.
Q1: Why 95% confidence?
A: 95% is a conventional standard that balances precision with reasonable certainty. Other confidence levels (90%, 99%) can be used depending on the context.
Q2: What if my data isn't normally distributed?
A: For non-normal data or small samples, consider using bootstrap methods or non-parametric alternatives.
Q3: How is standard error calculated?
A: Standard error is typically calculated as \( SE = \frac{SD}{\sqrt{n}} \), where SD is standard deviation and n is sample size.
Q4: What's the difference between CI and prediction interval?
A: A CI estimates where the population mean lies, while a prediction interval estimates where future observations will fall.
Q5: Can I use this for proportions?
A: For proportions, different methods (like Wilson score interval) may be more appropriate, especially with extreme proportions.