A confidence interval of .99 can correctly be interpreted to mean that: a. 99% of the...
A confidence interval of .99 can correctly be interpreted to mean that:
a. 99% of the time in repeated sampling intervals using an appropriate formula will contain the sample value.
b. 99% of the time in repeated sampling intervals using an appropriate formula will contain the relevant population parameter
c. 99% of the time in repeated sampling intervals using an appropriate formula will contain the sample value as the midpoint of the interval
d. 99% of the time in repeated sampling intervals using an appropriate formula will contain the sample mean as their midpoints.
Homework Answers
Confidence interval we find for population parameters. Hence, Option b) 99% of the time in repeated sampling intervals using an appropriate formula will contain the relevant population parameter is the correct answer.
Rest are talking about sample mean so not useful.
I hope this will help. Thank you.
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