Two-Sided Confidence Interval

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Superscript textA Two-Sided Confidence Interval is a confidence interval with an upper and lower bound.



References

2021a

2021b

Two-Sided Bounds: When we use two-sided confidence bounds (or intervals), we are looking at a closed interval where a certain percentage of the population is likely to lie. That is, we determine the values, or bounds, between which lies a specified percentage of the population. For example, when dealing with 90% two-sided confidence bounds of $(X,Y)$, we are saying that 90% of the population lies between $X$ and $Y$ with 5% less than $X$ and 5% greater than $Y$.

2020