Question

Explain briefly why each of the three conditions—Random, Normal, and Independent—is important when constructing a confidence interval.

Short answer

Random: It is necessary if we want to generalize the conclusions to the entire population.

Normal: A necessary condition for the construction of the confidence interval.

Independent: Required for the computation of the standard deviation.

Step-by-step solution

Concept Introduction

The probability that a population parameter will fall between a set of values for a particular proportion of the time is referred to as a confidence interval.

Explanation

Random: This is required if we wish to apply the findings to the entire population.

Normal: This is a crucial requirement for constructing the confidence interval; if the distribution is not normal, a different approach must be used, as this method may produce inaccurate findings.

Because dependent data might lead to erroneous conclusions, independent data is required for standard deviation computation.