The text reports a 95 percent confidence interval for the looseness coefficient for high-stakes Internet poker players
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The text reports a 95 percent confidence interval for the looseness coefficient for high-stakes Internet poker players to be 25.53 ± 1.18. Explain why you either agree or disagree with these interpretations of that number:
a. 95 percent of the players in this population have looseness coefficients in this interval.
b. If a poker player is randomly selected from this population, there is a 0.95 probability that his or her looseness coefficient is in this interval.
c. 95 percent of the confidence intervals estimated in this way include the average looseness coefficient of the players in the population.
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Related Book For
Essential Statistics Regression And Econometrics
ISBN: 9780123822215
1st Edition
Authors: Gary Smith
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