Question
A 95% confidence interval for the true proportion of all business majors who eventually start their own business is (0.04, 0.19). What is a practical
A 95% confidence interval for the true proportion of all business majors who eventually start their own business is (0.04, 0.19). What is a practical interpretation of this interval?
We are 95 % confident that the proportion of business majors who eventually start their own business is ether 0.04 or 0.19.
We are 95% confident that the true mean of business majors who eventually start their own business is no less than 0.04 and no more than 0.19.
We are 95% confident that the true proportion of all business majors who eventually start their own business is between 0.04 and 0.19.
We are 95% confident that the true mean of business majors who eventually start their own business is between .04 and .19
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Seeing Through Statistics
Authors: Jessica M.Utts
4th Edition
1285050886, 978-1305176249, 1305176243, 978-1305322394, 978-1285050881
