d. The 95% confidence interval for the parameter of interest is (.D. (Round to two decimal places as needed.) Interpret this confidence interval. Choose the correct answer below. O A. There is a 95% chance that the value of the parameter of interest is outside the interval. B. We are 95% confident that the parameter of interest lies in the confidence interval. c. We are confident that 95% of the population is described by the interval for the parameter of inte D. We are confident that 95% of the population is outside the interval for the parameter of interest.

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Confidence Intervals

When we calculate intervals in probability and statistics, it can be simply termed as finding out a confidence interval. The confidence interval is usually calculated from the data set which is observed. The value of the parameter that needs to be calculated is present here only.