TABLE 8-6
A sample of salary offers (in thousands of dollars) given to management majors is: 28, 31, 26, 32, 27, 28, 27, 30, 31, and 29. Using this data to obtain a 95% confidence interval resulted in an interval from 27.5 to 30.3.
-Referring to Table 8-6, 95% of all confidence intervals constructed similarly to this one with a sample size of 10 will contain the mean of the population.

Question

Quizplus · Accepted Answer

The statement is true. A 95% confidence interval means that if we were to construct 100 intervals using the same method, we would expect 95 of them to contain the true population mean.

TABLE 8-6 A Sample of Salary Offers (In Thousands of Dollars) Given