Interval Estimator - (or confidence interval)
If p = .50 (and (1 – p) = .50) then p(1 – p) = .25; otherwise it is less than .25. Therefore, we can estimate the number of people we will need to generate an estimate with a certain error, even if we have no idea what the population parameter is. Suppose you are running for Grand Poobah of (((, everyone’s favorite Stats Honor Fraternity. ................
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