We are 95% confident the true mean lies between 94.6324 and 105.3676.
The margin of error is +/-5.3676, so the interval spans 10.7352 units in total.
"95% confident" means that if you drew many random samples and built an interval each time, about 95% of those intervals would contain the true parameter. Any single interval either contains it or does not.
To shrink the margin of error, increase the sample size (it falls with the square root of n) or lower the confidence level.
Next stepToggle "Find required sample size" to see how many observations you need for a target margin of error.