Confidence intervals consist of a range of values (interval) that act as good estimates of the unknown population parameter; however, in infrequent cases, none of these values may cover the value of the parameter. It does not describe any single sample.
Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology.
Arguments for globalization include the following: 1  It is reducing poverty worldwide. 2  It is allowing access to technology in developing countries. 3  It promotes world peace. 4  It has benefited women and childrenâs rights.  It raises life expectancy.