Solved: Explain how the postsampling confidence level is derived, Basic Statistics

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Explain how the postsampling confidence level is derived

Question: 1. What is a confidence interval, and why is it useful? What is a confidence level?

2. Explain why in classical statistics describing a confidence interval in terms of probability makes no sense.

3. Explain how the postsampling confidence level is derived from a presampling probability.

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Basic Statistics: Explain how the postsampling confidence level is derived

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Basic Statistics: Explain how the postsampling confidence level is derived

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