A small New England college has the total of 400 students. The Math SAT is required for admission, and the mean score of all 400 students is 620. The population standard deviation is found to be 60. The formula for a 95% confidence interval yields the interval 640 ± 5.88. Determine whether each of the following statements is true or false.
True or False...
1) If we repeated this procedure many, many times, would fall between 634.12 and 645.88 about 95% of the time.
2) The probability that the population mean will fall between 634.12 and 645.88 is 0.95