STATISTICAL TECHNIQUES AND TOOLS
CONCEPT OF POINT AND INTERVAL ESTIMATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Interval estimates can be established at the 99% confidence level.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -A 99% confidence interval estimate can be interpreted to mean that a) if all possible samples are taken and confidence interval estimates are developed, 99% of them would include the true population mean somewhere within their interval.
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