The text discussed setting "probable limits" on an observation. These limits are those which have a
A) 50% chance of enclosing the value that the observation will have.
B) 75% chance of enclosing the value that the observation will have.
C) 80% chance of enclosing the value that the observation will have.
D) 95% chance of enclosing the value that the observation will have.

Question

Quizplus · Accepted Answer

Setting "probable limits" on an observation typically involves using a confidence interval. A 95% confidence interval means that if the observation were repeated many times, 95% of the intervals produced would contain the true value of the observation. Therefore, choice D is the correct answer.

The Text Discussed Setting "Probable Limits" on an Observation