What is a confidence interval (CI)?
Confidence intervals (CIs) are used to estimate the range within which a population parameter (e.g., a mean or proportion) is likely to fall, based on sample data. The interval provides a measure of uncertainty or precision around the sample estimate.
The key purposes are:
- Estimate Population Parameters: CIs give a range for the true value of the parameter.
- Account for Sampling Variability: They reflect how much the estimate might vary from sample to sample.
- Provide More Information than Point Estimates: Unlike a single estimate (e.g., the sample mean), CIs indicate the reliability of that estimate.
For example, saying “the average body weight of the basket ball team is 83 kg, with a 95% confidence interval of [73kg, 93kg]” means we are 95% confident that the true average weight of all basketball players lies within that range.
How to Interpret Confidence Intervals
- In Plain Terms:
A 95% confidence interval means that if you repeated the experiment or sampling many times, 95% of the intervals calculated would contain the true population parameter. - Key Points to Remember:
- The interval is about the parameter, not the data or sample.
- A wider interval indicates more uncertainty, often due to a small sample size or high variability.
- A narrower interval suggests higher precision in the estimate.
- What It Does Not Mean:
- It does not mean there is a 95% probability the true parameter is in the specific interval calculated (the true parameter is fixed; the interval varies).
- It is not a range for individual data points.