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1. Suppose that X1, ..., Xn are independent and identically distributed N(u, 2) random variables where o is known. Data are subsequently observed and a
1. Suppose that X1, ..., Xn are independent and identically distributed N(u, 2) random variables where o is known. Data are subsequently observed and a 95% confidence interval for u is calculated to be (1, 2). Consider the following two statements: (A) The interval (1, 2) is an instance of P (ME ( X - 1.960, X + 1.960 Vn = 0.95. (B) The calculated interval means that P (ME (1, 2)) = 0.95. Give a short explanation for what each statement is saying and indicate which provides a correct interpretation of the 95% confidence interval
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