IHP 340 Journal_Understanding_Confidence_Intervals.docx 4-1 Journal: Understanding Conf
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IHP 340 Journal_Understanding_Confidence_Intervals.docx 4-1 Journal: Understanding Confidence Intervals Southern New Hampshire University IHP 340 Understanding Confidence Intervals I think calculating a confidence interval and gambling can be similar in ways but aren™t the same. Confidence intervals are a bit more strategic and mathematical than gambling. In my experience, gambling is just 50/50, you win, or you lose. Although, I suppose there are many different ways you could win or lose in gambling. When calculating confidence intervals, you are collecting numbers from sets of data in samples and observing the interval in which the probabilities will be. Gambling is just that, a gamble, you never know what or when you™ll win or lose. Perhaps there is more calculation and predication to gambling than I realize.
[Solved] IHP 340 Journal_Understanding_Confidence_Intervals.docx 4-1 Journal: Understanding Conf
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IHP 340 Journal_Understanding_Confidence_Intervals.docx 4-1 Journal: Understanding Conf
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