Question: Consider the next 1000 95% CIs for that a statistical consultant will obtain for various clients. Suppose the data sets on which the intervals

Consider the next 1000 95% CIs for µ that a statistical consultant will obtain for various clients. Suppose the data sets on which the intervals are based are selected independently of one another. How many of these 1000 intervals do you expect to capture the corresponding value of µ? What is the probability that between 940 and 960 of these intervals contain the corresponding value of µ?

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Y is a binomial rv with n 1000 and p 95 so EY np ... View full answer

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