Explain what "98% confidence" means in a 98% confidence interval. ..... What does "98% confidence" mean in a 98% confidence interval? O A. 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%. O B. The confidence interval includes 98% of all possible values for the parameter. OC. 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. O D. The value of the parameter lies within 98% of a standard deviation of the estimate.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Question

8

Explain what "98% confidence" means in a 98% confidence interval.
.....
What does "98% confidence" mean in a 98% confidence interval?
A. 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%.
B. The confidence interval includes 98% of all possible values for the parameter.
C. 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.
O D. The value of the parameter lies within 98% of a standard deviation of the estimate.
Transcribed Image Text:Explain what "98% confidence" means in a 98% confidence interval. ..... What does "98% confidence" mean in a 98% confidence interval? A. 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%. B. The confidence interval includes 98% of all possible values for the parameter. C. 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. O D. The value of the parameter lies within 98% of a standard deviation of the estimate.
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