STATISTICAL TECHNIQUES AND TOOLS
CONFIDENCE INTERVALS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
When interpreting the confidence interval, make sure that you are describing the
|
|
statistic
|
|
|
parameter
|
|
|
Either A or B
|
|
|
None of the above
|
Explanation:
Detailed explanation-1: -Confidence Interval: To interpret a C% confidence interval for an unknown parameter, we say, “We are C % confident that the interval from to contains the actual value of the [population parameter IN CONTEXT].” What’s the probability that our 95% confidence interval captures the parameter?
Detailed explanation-2: -A 95% confidence interval for the mean can be interpreted to mean that. if all possible samples are taken and confidence intervals are calculated, 95% of those intervals would include the true population mean somewhere in their interval.
There is 1 question to complete.