Question: If you have a 99% confidence interval for based on a simple random sample: (a) Is it correct to say that the probability that
(a) Is it correct to say that the probability that μ is in the specified interval is 99%? Explain.
(b) Is it correct to say that in the long run, if you computed many, many confidence intervals using the prescribed method, about 99% of such intervals would contain μ? Explain.
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