Explain what "98% confidence" means in a 98% confidence interval What does "98% confidence" mean in a 98% confidence interval? OA. If 100 different confidence intervals are constructed, each based on a different sample of size n from the same population, then we expect 98 of the intervals to include the parameter and 2 to not include the parameter. OB. The confidence interval includes 98% of all possible values for the parameter OC. The probability that the value of the parameter lies between the lower and upper bounds of the interval is 98%. The probability that it does not is 2% OD. The value of the parameter lies within 98% of a standard deviation of the estimate
Explain what "98% confidence" means in a 98% confidence interval What does "98% confidence" mean in a 98% confidence interval? OA. If 100 different confidence intervals are constructed, each based on a different sample of size n from the same population, then we expect 98 of the intervals to include the parameter and 2 to not include the parameter. OB. The confidence interval includes 98% of all possible values for the parameter OC. The probability that the value of the parameter lies between the lower and upper bounds of the interval is 98%. The probability that it does not is 2% OD. The value of the parameter lies within 98% of a standard deviation of the estimate
MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Transcribed Image Text:Explain what "98% confidence" means in a 98% confidence interval.
What does "98% confidence" mean in a 98% confidence interval?
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OA. If 100 different confidence intervals are constructed, each based on a different sample of size n from the same population, then we expect 98 of the intervals to include the parameter and 2 to not include
the parameter.
OB. The confidence interval includes 98% of all possible values for the parameter
OC. The probability that the value of the parameter lies between the lower and upper bounds of the interval is 98%. The probability that it does not is 2%
OD. The value of the parameter lies within 98% of a standard deviation of the estimate.
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