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QNT 561 Final Exam UOP Course Tutorials

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30. What is the interpretation of a 96% confidence level?<br />

a) The interval contains 96% of all sample means.<br />

b) Approximately 96 out of 100 such intervals would include the true value of the<br />

population parameter.<br />

c) There's a 96% chance that the given interval includes the true value of the population<br />

parameter.<br />

d) There's a 4% chance that the given interval does not include the true value of the<br />

population parameter.<br />

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