Solve the problem.
-A researcher is interested in estimating the proportion of voters who favor a tax on e-commerce. Based on a sample of 250 people, she obtains the following 99% confidence interval for the population proportion p:
0.113 < p < 0.171
Which of the statements below is a valid interpretation of this confidence interval?
A: There is a 99% chance that the true value of p lies between 0.113 and 0.171.
B: If many different samples of size 250 were selected and, based on each sample, a confidence interval were constructed, 99% of the time the true value of p would lie between 0.113 and 0.171.
C: If many different samples of size 250 were selected and, based on each sample, a confidence interval were constructed, in the long run 99% of the confidence intervals would contain the true value of p.
D: If 100 different samples of size 250 were selected and, based on each sample, a confidence interval were constructed, exactly 99 of these confidence intervals would contain the true value of p.
A) A
B) D
C) B
D) C
Correct Answer:
Verified
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