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What is the proper way to interpret a 95% confidence level (or the confidence interval procedure)? O a. A 95% confidence level implies that there is a 95% chance we have a selected a representative sample from the population. O b.A 95% confidence level implies that there is a 95% chance the statistic falls within one standard deviation of the population parameter. Oc If the sampling process was independently repeated many times, with a 95% confidence interval constructed each time, approximately 95% of them would capture the true population parameter. O d.If the sampling process was independently repeated many times, with a 95% confidence interval constructed each time, approximately 5% of them would capture the true population parameter.

What is the proper way to interpret a 95% confidence level (or the confidence interval procedure)? O a. A 95% confidence level implies that there is a 95% chance we have a selected a representative sample from the population. O b.A 95% confidence level implies that there is a 95% chance the statistic falls within one standard deviation of the population parameter. Oc If the sampling process was independently repeated many times, with a 95% confidence interval constructed each time, approximately 95% of them would capture the true population parameter. O d.If the sampling process was independently repeated many times, with a 95% confidence interval constructed each time, approximately 5% of them would capture the true population parameter.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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What is the proper way to interpret a 95% confidence level (or the confidence interval procedure)? O a. A 95% confidence level implies that there is a 95% chance we have a selected a representative sample from the population. O b.A 95% confidence level implies that there is a 95% chance the statistic falls within one standard deviation of the population parameter. O c If the sampling process was independently repeated many times, with a 95% confidence interval constructed each time, approximately 95% of them would capture the true population parameter. O d. If the sampling process was independently repeated many times, with a 95% confidence interval constructed each time, approximately 5% of them would capture the true population parameter.
Transcribed Image Text:What is the proper way to interpret a 95% confidence level (or the confidence interval procedure)? O a. A 95% confidence level implies that there is a 95% chance we have a selected a representative sample from the population. O b.A 95% confidence level implies that there is a 95% chance the statistic falls within one standard deviation of the population parameter. O c If the sampling process was independently repeated many times, with a 95% confidence interval constructed each time, approximately 95% of them would capture the true population parameter. O d. If the sampling process was independently repeated many times, with a 95% confidence interval constructed each time, approximately 5% of them would capture the true population parameter.
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