Question

Asked Nov 8, 2019

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.

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...

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