Question: Based on random sampling and calculating a confidence interval, you are 95% confident that the average income of a graduating English Major is between $34,000
Based on random sampling and calculating a confidence interval, you are 95% confident that the average income of a graduating English Major is between $34,000 and $42,000. Which of the following is a true statement. We can use this confidence interval to test a 2-tailed hypothesis about the population mean at a 0.025 level of significance. There is a 5% chance that the population mean is not included in this range. There is a 2.5% chance that the population mean is not included in this range. 95% of sample means will be in this range
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