Mathematics, 16.04.2020 01:41 FlowerChild5037

A marketing research company is estimating the average total compensation of party clowns. Data were randomly collected from 48 party clowns and the 90% confidence interval for the mean was calculated to be ($9394, $9926). Explain what the phrase "90% confident" means.

a. 90% of the sample means from similar samples fall within the interval. In repeated sampling.
b. 90% of the intervals constructed would contain p.
c. Notes 90% of the similarly constructed intervals would contain the value of the sample mean.
d. 90% of the population values will fall within the interval.

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A marketing research company is estimating the average total compensation of party clowns. Data were...

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