Many people do not “like” or “trust” single point estimates for things they need measured. Looking back at the data examples you have provided in the previous discussion questions on this issue, how might adding confidence intervals help managers accept the results better? Why?
Ask a manager in your organization if they would prefer a single point estimate or a range for important measures, and why? Please share what they say.
Guided Response: Review several of your classmates’ posts. Respond to at least two classmates by Day 7 by commenting on whether or not you think adding or using confidence intervals would result in greater acceptance. Explain if you agree or disagree with the role of a confidence interval in the interpretation of the answer.
Carefully review the Discussion Forum Grading Rubric for the criteria that will be used to evaluate this Discussion Thread.