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.
Everyone has their own definition of globalization. Here are a few: . âthe act of globalizingâ; from the noun âglobalâ meaning âpertaining to or involving the whole worldâ, âworldwideâ; âuniversalâ -- Oxford English Dictionary.. the process by which the whole world becomes a single market.