  # Is it correct to say that in the long run, if you computed many, many confidence intervals using the prescribed method, about 99% of such intervals would contain μ? Explain.No. The probability that μ falls inside the interval is 0 or 1.No. 1% of intervals constructed using this method will capture the population mean μ.    Yes. 1% of intervals constructed using this method will capture the population mean μ.Yes. 99% of intervals constructed using this method will capture the population mean μ.

Question

Is it correct to say that in the long run, if you computed many, many confidence intervals using the prescribed method, about 99% of such intervals would contain μ? Explain.

No. The probability that μ falls inside the interval is 0 or 1.No. 1% of intervals constructed using this method will capture the population mean μ.    Yes. 1% of intervals constructed using this method will capture the population mean μ.Yes. 99% of intervals constructed using this method will capture the population mean μ.
check_circleExpert Solution
Step 1

The 99% confidence level gives the long-run of confidence intervals. That is, the large number of samples are selected and hence, the population parameter(µ) is compute...

### Want to see the full answer?

See Solution

#### Want to see this answer and more?

Solutions are written by subject experts who are available 24/7. Questions are typically answered within 1 hour*

See Solution
*Response times may vary by subject and question
Tagged in

### Other 