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Learn about confidence intervals in statistics and how they are used to estimate population parameters. A confidence interval is a range of values within which a population parameter is likely to lie, and it is an essential concept in statistical analysis. You’ll learn: 1. What is a Confidence Interval? 2. Why we use Confidence Intervals in Statistics 3. The formula for CI for mean when population standard deviation (σ) is known or unknown 4. Step-by-step numerical example 5. How Confidence Level (like 95% or 99%) affects interval width 6. Real-life interpretation and practical tips In this video, we will explore what a confidence interval is, how it is calculated, and how it is interpreted. We will also discuss the importance of confidence intervals in statistics and provide examples of how they are used in real-world applications. Whether you are a student of statistics or a professional working with data, this video will provide you with a clear understanding of confidence intervals and how to apply them in your work. By the end of this video, you will be able to calculate and interpret confidence intervals with confidence. #ConfidenceInterval #StatisticsByGouravManjrekar #CIMean #ZDistribution #LargeSample #DataAnalysis #StatisticsForStudents #StatsLearning #GouravSir #gouravmanjrekar #marginofError 📌 Related Videos: Sampling Distribution: • Sampling Distribution ___________________________________________________________________________________ link for Normal Distribution and Standard Normal Distribution https://www.youtube.com/watch?v=oVovZ... ___________________________________________________________________________________ Testing of hypothesis all videos https://www.youtube.com/playlist?list... ____________________________________________________________________ Useful video for B.TECH, B.Sc., BCA, M.COM, MBA, CA, research students. __________________________________________________________________ LINK FOR BINOMIAL DISTRIBUTION INTRODUCTION https://www.youtube.com/watch?v=lgnAz... LINK FOR RANDOM VARIABLE AND ITS TYPES https://www.youtube.com/watch?v=Ag8XJ... LINK FOR DISCRETE RANDOM VARIABLE: PMF, CDF, MEAN, VARIANCE , SD ETC. https://www.youtube.com/watch?v=HfHPZ... PLAYLIST FOR ALL VIDEOS OF PROBABILITY https://www.youtube.com/watch?v=hXeNr... PLAYLIST FOR TIME SERIES VIDEOS https://www.youtube.com/watch?v=XK0CS... PLAYLIST FOR CORRELATION VIDEOS https://www.youtube.com/playlist?list... PLAYLIST FOR REGRESSION VIDEOS https://www.youtube.com/watch?v=g9TzV... PLAYLIST FOR CENTRAL TENDANCY (OR AVERAGE) VIDEOS https://www.youtube.com/watch?v=EUWk8... PLAYLIST FOR DISPERSION VIDEOS https://www.youtube.com/watch?v=nbJ4B... Join this channel to get access to perks: / @gouravmanjrekar 👉 SUBSCRIBE : https://www.youtube.com/Gouravmanjrek... 👆👆👆