Question: Suppose (16, 54) is a 98% confidence interval estimate for a population mean. a) The point estimatex=........... b) The margin of error =........... c) Which

Suppose (16, 54) is a 98% confidence interval estimate for a population mean.

a) The point estimatex=...........

b) The margin of error =...........

c) Which of the following are true statements?

I. There is a 0.98 probability that is between 16 and 54.

II. There's a 98% chance that any particular value in the population will fall between 16 and 54.

III. 98% of confidence intervals constructed in this population will have a lower limit of 16 and an upper limit of 54.

IV. If 98% confidence intervals are calculated from all possible samples of the given size,is expected to be in 98% of these intervals.

  • I and IV
  • II and III
  • I and III
  • IV only
  • III only
  • I and II

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!