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.
What is Globalization? A set of processes that are:-increasing interactions-deepening relationships-heightening interdependence without regard to country borders. A set of outcomes that are:-unevenly distributed-varying across scales-differently manifested throughout the world. Globalization Geographer Andrew Kirby explains that with globalization, we are living ânot so much in a world without boundaries, or in a world without geography â but more literally, in a world, as opposed to a neighborhood or a region.â