Question

Suppose a marketing company computed a 98% confidence interval for the true proportion of customers who click on ads on their smartphones to be (0.45 , 0.51). Select the correct answer to interpret this interval

A 98% of customers click on ads on their smartphones.

We are 98% confident that the true proportion of customers who click on ads on their smartphones is between 0.45 and 0.51.

We are 98% confident that the true proportion of customers who click on ads on their smartphones is 0.48.

There is a 98% chance that the true proportion of customers who click on ads on their smartphones is between 0.45 and 0.51.

Answer 1

Date: 10/11/2019 Answer A 98% confidence interval for the true proportion of customers who click on ads on their Smartphone is between 0.45 and 0.51 Interpretation of confidence interval There are 98% confident that the true proportion of customers who click on ads on their Smartphone is between 0.45 and 0.51 The answer option is 2