Statistical Modeling

Question 1

The Central Limit Theorem

Answer 1

if I take a sample of size 𝑛 and find the mean of that sample, then do it for all possible samples of size 𝑛 , this distribution of sample means should be Normally distributed as long as 𝑛 is big enough.

Question 2

Confidence interval interpretention

Answer 2

I would interpret a 95% confidence interval (𝑎,𝑏)
as follows:
“I am 95% confident that the true population parameter is in between 𝑎 and 𝑏.”