a. When we say we have 95% confidence in the interval for a particular year, what does this mean?
b. For 95% confidence intervals constructed using data for 20 years, let X = the number of the intervals that contain the true parameter values. Find the probability that x = 20, that is, all 20 inferences are correct.
c. Refer to part b. Find the mean of the probability distribution of X .
d. What could you do differently so it is more likely that all 20 inferences are correct?
Statistics The Art and Science of Learning from Data
3rd edition
Authors: Alan Agresti, Christine A. Franklin
ISBN: 978-0321755940