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Objective:This section will explain the meaning of the Confidence Interval (CI) in statistical analysis. The CI states that with 92% confidence, the proportion of all similar companies with the plan will between 46% and 56%.
For polls conducted right before Election Day, the actual election outcome falls within a poll’s stated 95 percent confidence interval about 75 percent of the time. Sampling Error: This is the one source of error that pollsters do report, and it captures the error associated with only measuring opinions in a random sample of the population, as opposed to among all voters.
Coverage Error: Pollsters aim to contact each likely voter with equal probability and deviations from this result in coverage error.
Non-Response Error: After identifying a random set of likely voters, pollsters still need them to actual answer the polling questions. Survey Error: The exact wording of the questions, the order of the questions, the tone of the interviewer, and numerous other survey design factors all affect the result, leading to still another error source. As Nate Cohn outlined in the New York Times on Thursday, the latter three error sources are more likely to undercount Democrats than Republicans. Thus, we expect the actual polling errors to be larger than the stated errors, and moreover, we expect polling results to favor the Republicans. Here you have a list of opinions about confidence interval and you can also give us your opinion about it. You will see other people's opinions about confidence interval and you will find out what the others say about it. In the image below, you can see a graph with the evolution of the times that people look for confidence interval.
Thanks to this graph, we can see the interest confidence interval has and the evolution of its popularity.
You can leave your opinion about confidence interval here as well as read the comments and opinions from other people about the topic. The selection of a confidence level for an interval determines the probability that the confidence interval produced will contain the true parameter value.

Often, statistics are not expressed in terms of one number but rather as a range or an interval with a given level of confidence.
That means that 95 percent of the time the election outcome should lie within that interval. Finally, we simply plotted the percentage of polls where the outcome of the election actually fell within the standard confidence range. The thick horizontal line, a little below 70 percent, represents overall percent of outcomes in the reported 95 percent confidence ranges. That means that whereas the polls’ margin of error says they should capture 95 percent of outcomes, they in fact capture only 75 percent.
First, polls only measure attitudes at the time they were conducted, not on Election Day, and the standard error estimates neglect to account for this. This was relatively easy in the world of ubiquitous landline phones (remember those?), but with the rise of cell phones and internet it is not so easy to determine how to mix polling methods so that any given likely voter is contacted. If those who are willing to be interviewed systematically differ from those who are not, this introduces yet another source of error, non-response error. For example, Democrats are more likely than Republicans to have a cell-phone from a different area code than where they currently live (like all three of the authors of this article), which in turn results in coverage error since such individuals cannot be included in state-level polls. This pattern is strikingly apparent when we plot the observed differences between poll predictions and actual election outcomes for the 2012 Senate races. Further, the observed distribution is wider than the theoretical one, in large part because the polls are conducted over several weeks prior to the election, while the theoretical distribution does not take into account how much candidate support varies over the course of the campaign. First, the theoretical 3 percentage point margin of error is already substantial, and puts nearly every competitive race within that range. And below it, you can see how many pieces of news have been created about confidence interval in the last years. For proportions, the normal distribution approximates the binomial for n x P(hat) is greater than or equal to 5.Most common confidence interval selections are 90%, 95%, or 99% but are dependent on the voice of the customer, your company, project, and other factors.
We find, however, that the true error is actually much larger than that, and moreover, polls historically understate support for Democratic candidates.

This problem is also getting worse each year, as people are increasingly reluctant to answer cell-phone calls from unknown numbers or to take ten minutes to answer a poll in a busy world. Cohn notes that among cell-phone only adults, people whose area code does not match where they live lean Democratic by 14 points, whereas those that matched lean Democratic by 8 points. Second, when you add in the unaccounted for errors, election outcomes in contested races are simply far less certain; and coverage and non-response errors will likely only get worse each cycle. The larger your sample size, the more confidence one can be that their answers represent the population. This discrepancy is attributable to polling companies reporting only one of four major sources of error, as we describe below.
Coverage error is exacerbated by shifting modes of voting, such as voting by mail or early voting, which complicate traditional screens used to determine who is likely to vote. For an example of non-response and survey error, Cohn notes that Hispanics who are uncomfortable taking a poll in English are more likely to vote Democratic than demographically similar Hispanics.
Alongside the observed differences, we plot the theoretical distribution of poll results if sampling error were the only factor. Third, while aggregating a bunch of polls for each election reduces the variance, it does not eliminate the bias, so these overconfident predictions pose a problem for aggregate forecasts as well.
In short, those fancy models that show probability of victory are only as good as their ingredients, and if the polls are wrong, the poll aggregations will be wrong as well.
If the sample is not then one cannot rely on the confidence intervals calculated, because you can no longer rely on the measures of central tendency and dispersion.Sampling plans are an important step to ensure the data taken within is reflective and meaningful to represent the population.
Click here for information regarding sampling plans.PercentageThe accuracy of the CI also depends on the percentage of your sample that picks a particular answer.
It is easier to be sure of extreme answers than those aren't, thus the interval is not linear.

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