When we construct a 90 % confidence interval for, say, a mean, we build a range that

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When we construct a 90 % confidence interval for, say, a mean, we build a range that has an upper bound and a lower bound, and we write the confidence interval as P(lower bound < mean < upper bound) = 90 %

Comment on the following statement: would you say the probability that the mean occurs between the upper and lower bounds is 90 %?

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Statistics For Business And Financial Economics

ISBN: 9781461458975

3rd Edition

Authors: Cheng Few Lee , John C Lee , Alice C Lee

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