A 95% confidence interval for the average annual employee turnover rate of Australian businesses was found to be (47% to 63%). Which of the following is a correct interpretation of this interval? A. 95% of businesses have at least at 47% annual employee turnover rate B. We can be 95% confident that the population mean employee turnover rate is between 47% and 63% C. 63% of businesses have at least a 47% annual employee turnover rate D. We can be 47% confident that the population employee turnover rate is between 63% and 95% E. We can be 95% confident that the population proportion of businesses that make a profit is between 47% and 63%

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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A 95% confidence interval for the average annual employee turnover rate of
Australian businesses was found to be (47% to 63%). Which of the following is a
correct interpretation of this interval?
A. 95% of businesses have at least at 47% annual employee turnover rate
B. We can be 95% confident that the population mean employee turnover
rate is between 47% and 63%
C. 63% of businesses have at least a 47% annual employee turnover rate
D. We can be 47% confident that the population employee turnover rate is
between 63% and 95%
E. We can be 95% confident that the population proportion of businesses
that make a profit is between 47% and 63%
Transcribed Image Text:A 95% confidence interval for the average annual employee turnover rate of Australian businesses was found to be (47% to 63%). Which of the following is a correct interpretation of this interval? A. 95% of businesses have at least at 47% annual employee turnover rate B. We can be 95% confident that the population mean employee turnover rate is between 47% and 63% C. 63% of businesses have at least a 47% annual employee turnover rate D. We can be 47% confident that the population employee turnover rate is between 63% and 95% E. We can be 95% confident that the population proportion of businesses that make a profit is between 47% and 63%
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