Pierre Simon Laplace, Inverse Probability, Central Limit Theorem, Probability, Deep Dives.
random sample is drawn. As in the case of the binomial setting, both μ and σ² are unknown. With all that in context, the problem statement is as follows: Find a closed interval [μ_low, μ_high] such that μ will lie in this interval with a specified level of certainty (1 — α) where 0 ≤ α ≤ 1. In