A 99% confidence interval for the average household income in a town is constructed based on a simple random sample of households in the town, and it goes from 68000 to 84000 dollars. Which of the following statements are correct conclusions based on this result? Check all that apply. Group of answer choices There is a 99% chance that a confidence interval constructed this way from a simple random sample contains the true average household income in the town. There's a 99% chance the average household income in the town is somewhere between 68000 and 84000 dollars. 99% of the households in the town have income between 68000 and 84000 dollars. The sample average was 76000 dollars. All the values between 68000 and 84000 are reasonable estimates of the average household income in the town.
A 99% confidence interval for the average household income in a town is constructed based on a simple random sample of households in the town, and it goes from 68000 to 84000 dollars. Which of the following statements are correct conclusions based on this result? Check all that apply. Group of answer choices There is a 99% chance that a confidence interval constructed this way from a simple random sample contains the true average household income in the town. There's a 99% chance the average household income in the town is somewhere between 68000 and 84000 dollars. 99% of the households in the town have income between 68000 and 84000 dollars. The sample average was 76000 dollars. All the values between 68000 and 84000 are reasonable estimates of the average household income in the town.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
A 99% confidence interval for the average household income in a town is constructed based on a simple random sample of households in the town, and it goes from 68000 to 84000 dollars. Which of the following statements are correct conclusions based on this result? Check all that apply.
Group of answer choices
There is a 99% chance that a confidence interval constructed this way from a simple random sample contains the true average household income in the town.
There's a 99% chance the average household income in the town is somewhere between 68000 and 84000 dollars.
99% of the households in the town have income between 68000 and 84000 dollars.
The sample average was 76000 dollars.
All the values between 68000 and 84000 are reasonable estimates of the average household income in the town.
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