1. In this chapter, we have studied confidence intervals. Carefully read the following statements about confidence intervals:...
Question:
1. In this chapter, we have studied confidence intervals. Carefully read the following statements about confidence intervals:
(a) Once the endpoints of the confidence interval are numerically fixed, the parameter in question (either m or p) does or does not fall inside the “fixed”
interval.
(b) A given fixed interval either does or does not contain the parameter m or p;
therefore, the probability is 1 or 0 that the parameter is in the interval.
Next, read the following statements. Then discuss all four statements in the context of what we actually mean by a confidence interval.
(c) Nontrivial probability statements can be made only about variables, not constants.
(d) The confidence level c represents the proportion of all (fixed) intervals that would contain the parameter if we repeated the process many, many times.
Step by Step Answer:
Understandable Statistics Concepts And Methods
ISBN: 9781305142909
11th Edition
Authors: Charles Henry Brase, Corrinne Pellillo Brase