Choose the statement that is the best interpretation of the confidence interval.
A)In about 95% of all samples of 40 U.S. weddings, the resulting confidence interval will contain the mean cost of all weddings in the U.S.
B)That probability that a U.S. wedding will cost more than $24,152 is less than 3%.
C)We are extremely confident that the mean cost of a U.S. wedding is between $22,296 and $24,152.

Question

Quizplus · Accepted Answer

A confidence interval is an interval estimate that, if the sampling process were repeated many times, would contain the true population parameter (mean cost of all weddings in the U.S.) in about 95% of the samples.

Choose the Statement That Is the Best Interpretation of the Confidence