A random sample of 25 private universities was selected. A 95% confidence interval for the mean in-state
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A random sample of 25 private universities was selected. A 95% confidence interval for the mean in-state tuition costs at private universities was (22,501, 32,664). Which of the following is a correct interpretation of the confidence level?
a. There is a 95% probability that the mean in-state tuition costs at a private university is between $22,501 and $32,664.
b. In about 95% of the samples of 25 private universities, the confidence interval will contain the population mean in-state tuition.
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Related Book For
Introductory Statistics Exploring The World Through Data
ISBN: 9780135163146
3rd Edition
Authors: Robert Gould, Rebecca Wong, Colleen N. Ryan
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