When we construct a 90 % confidence interval for, say, a mean, we build a range that
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When we construct a 90 % confidence interval for, say, a mean, we build a range that has an upper bound and a lower bound, and we write the confidence interval as P(lower bound < mean < upper bound) = 90 %
Comment on the following statement: would you say the probability that the mean occurs between the upper and lower bounds is 90 %?
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Related Book For
Statistics For Business And Financial Economics
ISBN: 9781461458975
3rd Edition
Authors: Cheng Few Lee , John C Lee , Alice C Lee
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