Question: Critical Thinking If you have a 99% confi dence interval for m based on a simple random sample, (a) is it correct to say that

Critical Thinking If you have a 99% confi dence interval for m based on a simple random sample,

(a) is it correct to say that the probability that m is in the specifi ed interval is 99%? Explain.

(b) is it correct to say that in the long run, if you computed many, many confi dence intervals using the prescribed method, about 99% of such intervals would contain m? Explain.

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