A student wants to estimate the mean amount of money spent by fellow students on textbooks this semester. She surveys 25 different students and calculates the following 95% confidence interval estimate of mu , the mean amount spent by all students: 124 less than mu less than 156 . She interprets this confidence in this way: "There is a 0.95 probability that mu is between 124 and 156." Is this an appropriate interpretation? Why or why not?
A student wants to estimate the mean amount of money spent by fellow students on textbooks this semester. She surveys 25 different students and calculates the following 95% confidence interval estimate of mu , the mean amount spent by all students: 124 less than mu less than 156 . She interprets this confidence in this way: "There is a 0.95 probability that mu is between 124 and 156." Is this an appropriate interpretation? Why or why not?
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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Question
A student wants to estimate the
mu
,
the mean amount spent by all students:
124 less than mu less than 156
.
She interprets this confidence in this way: "There is a 0.95
mu
is between 124 and 156." Is this an appropriate interpretation? Why or why not?
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