When the confidence interval has a probability value of .99, then
A) the resulting prediction is never wrong
B) the resulting prediction is wrong 99% of the time
C) 99% of the resulting predictions are assumed to lie within the interval
D) none of these, since the confidence interval has nothing to do with

Question

Quizplus · Accepted Answer

A 99% confidence interval means that we can be 99% confident that the true value lies within the interval. Therefore, 99% of the resulting predictions are assumed to lie within the interval. It does not mean that the resulting prediction is never wrong or wrong 99% of the time.

When the Confidence Interval Has a Probability Value of