Explain what "80% confidence" means in a 80% confidence interval.What does "80% confidence" mean in a 80% confidence interval?O A. The confidence interval includes 80% of all possible values for the parameter.O B. The probability that the value of the parameter lies between the lower and upper bounds of the intval is 80%. The probability that it does not is 20%.O C. The value of the parameter lies within 80% of a standard deviation of the estimate.O D. If 100 different confidence intervals are constructed, each based on a different sample of size n from the same population, then we expect 80 of the intervals to include the parameter and 20 to no

Given that confidence level = 80% Generally , When we interpret the confidence interval we write…

Answered: Explain what "80% confidence" means in…

Explain what "80% confidence" means in a 80% confidence interval. What does "80% confidence" mean in a 80% confidence interval?

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Concept explainers

Average

In mathematics, everyone must have heard the term average in one place or other. Almost all types of calculation require taking out an average. In everyday life, the term is used for denoting a certain amount that can be said to be a typical quantity for multiple people or objects. In other words, if a group of people possesses a certain object, then the average gives us an idea regarding the quantity of the object possessed by each person. However, this is solely based on mathematical calculation. It is important to note that most people will not strictly have the average value in a group.

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100%

Explain what "80% confidence" means in a 80% confidence interval.
What does "80% confidence" mean in a 80% confidence interval?
O A. The confidence interval includes 80% of all possible values for the parameter.
O B. The probability that the value of the parameter lies between the lower and upper bounds of the intval is 80%. The probability that it does not is 20%.
O C. The value of the parameter lies within 80% of a standard deviation of the estimate.
O D. If 100 different confidence intervals are constructed, each based on a different sample of size n from the same population, then we expect 80 of the intervals to include the parameter and 20 to no

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