Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Can someone please explain to me why this statement is false? d) In statistics, a confidence interval refers to the likelihood that a population parameter

Can someone please explain to me why this statement is false?

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
d) In statistics, a confidence interval refers to the likelihood that a population parameter will fall between a set of values for a particular percentage of the time. When you take a random sample numerous times, the confidence level refers to the proportion of probability, or certainty, that the confidence interval will contain the real population parameter. "We are 90 percent positive {confidence level} that most of these samples (confidence intervals) contain the genuine population parameter," to put it another way. d) vaou have just constructed a 90% condence interval, then there is a 90% chance that the interval contains the true value of the parameter of interest. (2 marks) Condence interval does not talk about chance or prob. d} Interpretation for a x% confidence interval (a,b} is as below We are x% confident that the true population parameter is between a and b. So confidence interval does not give any idea of chances or probability. It just gives an interval of confidence. So this is also false. If you have just constructed a 90% confidence interval] that means we are 90% condent that the interval contains the true value of the parameter, Cl does not talk about probability.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Trigonometry (Subscription)

Authors: Mark Dugopolski

5th Edition

0135207487, 9780135207482

More Books

Students also viewed these Mathematics questions

Question

1. The next area, Now we will turn to, or The second step is.

Answered: 1 week ago

Question

1. Maintain my own perspective and my opinions

Answered: 1 week ago