Lately, I’ve been reflecting on how much we rely on confidence intervals in statistics to gauge certainty like when we estimate a range for a population parameter and say, “We’re 95% confident.” It got me wondering: does that translate to how we trust our own choices? For instance, when making a big decision, do we subconsciously weigh the “interval” of possible outcomes and our confidence in them?
As someone who dabbles in crafts, I notice this too like when I’m deciding whether to try a new technique. There’s always a range of possible results, and I weigh how confident I feel about pulling it off. Does anyone else see this connection, or am I overthinking it? Would love to hear your thoughts, especially from fellow stats enthusiasts!