When constructing a confidence interval for a population parameter, we generally set the confidence coefficient ( ) close to 0 (usually between 0 and 0.05) because it is the probability that the interval does not include the actual value of the population parameter.

Question

When constructing a confidence interval for a population parameter, we generally set the confidence coefficient (  ) close to 0 (usually between 0 and 0.05) because it is the probability that the interval does not include the actual value of the population parameter.

Quizplus · Accepted Answer

We generally set the confidence coefficient between 0.90 and 0.99, not close to 0, because it represents the level of confidence we want in our interval containing the actual population parameter.

When Constructing a Confidence Interval for a Population Parameter, We