Title: How the Confidence Interval Affects Business | Small Business - Chron.com
Headings: How the Confidence Interval Affects Business
How the Confidence Interval Affects Business
Confidence Intervals
Market Research
Risk Management
Budget Forecasting

Content: If a company is significantly off the mark on either estimation, it could get in financial trouble. By using a range of possible values for revenues and costs and finding the confidence interval of those values, a business can have the information it needs to make important financial decisions while still being able to reasonably prepare for the possibility that its estimates may be incorrect. ‒‒:‒‒
/
‒‒:‒‒
Replay
Skip
Ads by
Read More
References
Reference for Business: Confidence Interval
University of Iowa: Confidence Intervals
Yale University: Confidence Intervals
Writer Bio
Leigh Richards has been a writer since 1980. Her work has been published in "Entrepreneur," "Complete Woman" and "Toastmaster," among many other trade and professional publications. She has a Bachelor of Arts in psychology from the University of Wisconsin and a Master of Arts in organizational management from the University of Phoenix. Related Articles
The Role of Probability Distribution in Business Management
How to Determine Statistical Sample Size
The Relationships Between Sales Budgets & Production Budgets
What Is a Cost Equation? Definition of Sales Probability
What Is the Importance of Probability Rules in a Business?