Explain what \"95% confidence\" means in a 95% confidence interval. What does \"

Question

Explain what "95% confidence" means in a 95% confidence interval. What does "95% confidence" mean in a 95% confidence interval? o A. The confidence interval includes 95% of all possible values for the parameter. O B. The probability that the value of the parameter lies between the lower and upper bounds of the interval is 95% The probability that it does not is 5%. ° C. The value of the parameter lies within 95% of a standard deviation of the estimate O D. If 100 different confidence intervals are constructed, each based on a different sample of size n from the same population, then we expect 95 of the intervals to include the parameter and 5 to not include the parameter. Click to select your answer

Explanation / Answer

The correct answer is the (D) which implies that the in nearly 95 cases out of 100 the interval is expected to contain the true value of the population mean

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