Explain what the phrase 95% confident means when we interpret a 95% confidence interval for µ.
A) 95% of the observations in the population fall within the bounds of the calculated interval.
B) In repeated sampling, 95% of similarly constructed intervals contain the value of the population mean.
C) 95% of similarly constructed intervals would contain the value of the sampled mean.
D) The probability that the sample mean falls in the calculated interval is 0.95.
Correct Answer:
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