The probability that the interval estimation procedure will generate an interval that does not contain the actual value of the population parameter being estimated is the
A)level of significance
B)confidence level
C)confidence coefficient
D)error factor

Question

Quizplus · Accepted Answer

The probability that the interval estimation procedure will generate an interval that does not contain the actual value of the population parameter being estimated is known as the level of significance. The confidence level is the degree of certainty that the interval will contain the actual value of the parameter, and the confidence coefficient is a measure of the degree of confidence in the interval estimation procedure. The error factor is not an established statistical term.

The Probability That the Interval Estimation Procedure Will Generate an Interval