Business Statistics

250 words. 2 scholary sources. APA Format.

Confidence Intervals (CI) are used when you collect sample data to make a decision for a bigger population. Choose some type of sample data from your own organization or another organization in which you are interested. Describe how confidence intervals might be useful in evaluating the data to make a decision for the bigger population. Specify if you would use confidence intervals for mean or proportion in your discussion.