What is the interpretation of a 96% confidence level?
A)There's a 96% chance that the given interval includes the true value of the population parameter.
B)Approximately 96 out of 100 such intervals would include the true value of the population parameter.
C)There's a 4% chance that the given interval does not include the true value of the population parameter.
D)The interval contains 96% of all sample means.

Question

Quizplus · Accepted Answer

A 96% confidence level means that if we were to repeat the sampling process many times, we would expect approximately 96 out of 100 intervals to contain the true value of the population parameter. It does not mean that there is a probability or chance associated with the given interval, nor does it refer to the percentage of sample means contained in the interval.

What Is the Interpretation of a 96% Confidence Level