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Mathematics, 06.03.2020 23:29 taylord4230
You find that the average income for college students is $20,000 +/- $200 (with a confidence level of 95%). Indicate the CORRECT interpretation(s) of this finding below (you may select more than one).
a. I am 95% certain that the average income for college students is $20,000.
b. If the same sampling and statistical procedures are conducted 100 times the true population mean will be encompassed between $19,800 and $20,200 (and 5 times it will not).
c.5% of college students make less than $19,800.
d.95% of college students make more than $20,200.
e. I am 95% sure that the average income of college students is between $19,800 and $20,200.
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