What is the interpretation of a 96% confidence level?
Understand the Problem
The question is asking about the meaning of a 96% confidence level, which relates to statistical analysis and indicates that there is a 96% chance that a certain parameter falls within a specified range. This high level of confidence suggests a strong indication of reliability in the results derived from the data analysis.
Answer
The interval has a 96% chance of containing the true population parameter.
The interval has a 96% chance of containing the true population parameter.
Answer for screen readers
The interval has a 96% chance of containing the true population parameter.
More Information
The 96% confidence level means that if many samples were taken and confidence intervals calculated, 96% of those intervals would contain the true population parameter.
Tips
A common mistake is to interpret the confidence level as the probability that any one specific interval includes the true parameter, which is not statistically accurate.
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