A 95% confidence interval
A)indicates that there is 95% confidence that the value of the estimated coefficient is correct.
B)indicates that there is 95% confidence that the degrees of freedom explain the data correctly.
C)is a range of of values that gives a 95% probability that the true value of the coefficient is within the specified interval.
D)is the probability that we have obtained the true value of the coefficient with 95% accuracy.

Question

Quizplus · Accepted Answer

A 95% confidence interval is a range of values that indicates that, if we were to repeat the experiment or observation multiple times, 95% of the resulting intervals would contain the true population parameter (in this case, the coefficient). It is not a statement of probability about a specific interval containing the true value, but rather a statement about the long-run proportion of intervals that would contain the true value.

A 95% Confidence Interval