Question: Consider this confidence interval interpretation: The average time XYZ Company takes to process new insurance claims is 9 to 11 days with 95% confidence. What

Consider this confidence interval interpretation: The average time XYZ Company takes to process new insurance claims is 9 to 11 days with 95% confidence. What needs to be done to fix this statement? The value of the estimate is not given. The confidence level is either not reported or not reported correctly. Nothing needs to be fixed; the interpretation is correct. The true parameter needs to be stated correctly and in context

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