Question
Kindly provide explanation: Q) Your friend recently started a new venture. Based on one simple random sample of a few weeks of financial performance, his
Kindly provide explanation:
Q) Your friend recently started a new venture. Based on one simple random sample of a few weeks of financial performance, his analyst has
calculated the 95% and 90% confidence intervals for the average weekly profit of the venture in the long run (in INR million) as [-0.03, 1.03] and [0.06, 0.94] respectively. Based on this information, which of the following statements can you make?
Select one:
A.The mean weekly profit in the sample is INR 0.5 million.
B.I am 99% confidentthatthe average weekly profit will be negative.
C.He will make a negative profit in more than 5% of the weeks.
D.He will make a positive profit in more than 90% of the weeks.
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