A statement in the newspaper attributed to the leader of a local union stated that the average hourly wage for union members in the region is $13.35. He indicated that this number came from a survey of union members. If an estimate was developed with 95 percent confidence, we can safely conclude that this value is within 95 percent of the true population mean hourly wage.

Question

Quizplus · Accepted Answer

A 95 percent confidence interval means that we are 95 percent confident that the true population mean falls within our calculated interval, not that the estimate is within 95 percent of the true mean.

A Statement in the Newspaper Attributed to the Leader of a Local