Question
You are interested in getting an investment portfolio started with any extra money you make from your part time job while also going to school.
You are interested in getting an investment portfolio started with any extra money you make from your part time job while also going to school. While flipping through the latest edition of Money magazine, you read an article that of a survey of magazine subscribers, 193 were randomly selected and analyzed. A 95% confidence interval was constructed for the proportion of all subscribers who made money in the previous year in their investments, which was ( 0.7128 , 0.8312 ). What is the correct interpretation of this confidence interval?
A:We are 95% confident that the proportion of all Money magazine subscribers sampled that made money in the previous year from their investments is between 0.7128 and 0.8312.
B: We are 95% confident that the proportion of all Money magazine subscribers that made money in the previous year from their investments is between 0.7128 and 0.8312.
C: We are 95% confident that of the 193 respondents, between 0.7128 and 0.8312 of them made more than they lost.
D: We are certain that 95% of subscribers made between 0.7128 and 0.8312.
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