Answer by rasta for Relationship Between Percentile and Confidence Interval...
Your coworker is correct, confidence intervals are based on the percentiles of the sampling distribution of the statistic of interest. In this case, the statistic is $\hat{\mu}=\frac{1}{n}\sum X_i$....
View ArticleRelationship Between Percentile and Confidence Interval (On a Mean)
This question came up at work when someone asked me what the relationship was between a percentile and a confidence interval, and I had a very hard time articulating my thoughts. The context was a very...
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