Question: Evaluate the following statement made by an auditor: I took a random sample and derived a 90 percent confidence interval of $800,000 to $900,000. That

Evaluate the following statement made by an auditor: "I took a random sample and derived a 90 percent confidence interval of $800,000 to $900,000. That means that the true population value will be between $800,000 and $900,000, 90 percent of the time."

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