This applet allows users to drag sliders to change the confidence level and sample size. The applet helps users visualize the meaning of the phrase "C% confidence," by showing that C% of the samples ...

Business, like many other fields, can benefit from the use of statistics in estimating or predicting future events. An important tool for business statistics is a confidence interval, which helps a ...

For comparison of proportions, there are three commonly used measurements: the difference, the relative risk, and the odds ratio. Significant effort has been spent on exact confidence intervals for ...

Geoff Cumming receives funding from the Australian Research Council. Such research findings sound exciting because the word significant suggests important and large. But researchers often use the word ...

The brain produces feelings of confidence that inform decisions the same way statistics pulls patterns out of noisy data. This feeling of confidence is central to decision making, and, despite ample ...

The directions, which came via cell phone, were a little garbled, but as you understood them: "Turn left at the 3rd light and go straight; the restaurant will be on your right side." Ten minutes ago ...

Human brains are constantly processing data to make statistical assessments that translate into the feeling we call confidence, according to a study published in Neuron. This feeling of confidence is ...