The precision interval has a ____ percent probability of including the ____.
A)Sampling risk; adjusted sample estimate.
B)Sampling risk; true population value.
C)1 minus sampling risk; adjusted sample estimate.
D)1 minus sampling risk; true population value.

Question

Quizplus · Accepted Answer

The precision interval, also known as the confidence interval, provides a range of values within which the true population value is likely to fall. The probability of this range including the true population value is equal to 1 minus the sampling risk, which is the risk of selecting a sample that is not representative of the population. Therefore, the precision interval has a 1 minus sampling risk probability of including the true population value.

The Precision Interval Has a ____ Percent Probability of Including