Example: tourism industry
Calculating Approximate Standard Errors and Confidence ...

Calculating Approximate Standard Errors and Confidence ...

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1.645 standard errors above the estimate. The true population value is unknown, but there is an approximate 90% probability that the interval includes or “covers” the true population value. A 95% confidence interval is the range from 1.96 standard errors below the estimate to 1.96 standard errors above the estimate.

  Standards, Errors, Standard error

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