Suppose that an estimate of the population mean is 150 with


Suppose that an estimate of the population mean is 150 with the margin of Error of 50 at a confidence 95%. How would you interpret this statement?

A. We would expect (100,200) to contain 95% sample means

B. The estimate cannot be off by more than 50

C. 5% change that the sample mean falls outside the interval

D The true mean is between 100 and 200 with the probability 95%

Solution Preview :

Prepared by a verified Expert
Business Management: Suppose that an estimate of the population mean is 150 with
Reference No:- TGS02353909

Now Priced at $10 (50% Discount)

Recommended (97%)

Rated (4.9/5)