You plan to construct a 95% confidence interval in five different situations with independent data sets. a.
Question:
a. Assuming that the results of the confidence intervals are statistically independent, find the probability that all five confidence intervals will contain the parameters they are designed to estimate.
b. Which confidence level should you use for each confidence interval so that the probability that all five intervals contain the parameters equals exactly 0.95?
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Related Book For 
Statistics The Art And Science Of Learning From Data
ISBN: 9780321755940
3rd Edition
Authors: Alan Agresti, Christine A. Franklin
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