The probability is 0.99 that a 99% confidence interval contains the true value of the relevant population

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"The probability is 0.99 that a 99% confidence interval contains the true value of the relevant population parameter." Is this statement true or false? Explain your choice.

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Business Analytics Data Analysis And Decision Making

ISBN: 1209

6th Edition

Authors: S. Christian Albright, Wayne L. Winston

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Question Posted: Apr 06, 2017 11:34 AM

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The probability is 0.99 that a 99% confidence interval contains the true value of the relevant population

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Although many people state it like this it isnt really correct Any confidence in...View the full answer

Business Analytics Data Analysis And Decision Making

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