Suppose that Statistics Canada wants to compare the current unemployment rate between Montreal and Toronto.Let
And
Represent the current unemployment rates in Montreal and the current A study found a 90% confidence interval for
-
Is (-0.0457,0.0424) .Give an interpretation of this confidence interval.
A) We are 90% confident that the unemployment rate in Toronto is between 4.57% less and 4.24% more than the unemployment rate in Montreal.
B) We know that 90% of the unemployment rate in Toronto is between 4.57% less and 4.24% more than the unemployment rate in Montreal.
C) We are 90% confident that the unemployment rate in Montreal is between 4.57% less and 4.24% more than the unemployment rate in Toronto.
D) We know that 90% of the unemployment rate in Montreal is between 4.57% less and 4.24% more than the unemployment rate in Toronto.
E) We know that 90% of all random samples done on the population will show that the unemployment rate in Montreal is between 4.57% less and 4.24% more than the unemployment rate in Toronto.
Correct Answer:
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