When Constructing Confidence Interval for a Parameter, We Generally Set $1 - \alpha$

question 79

True/False

When constructing confidence interval for a parameter, we generally set the confidence level $1 - \alpha$ close to 1 (usually between 0.90 and 0.99) because we would like to be reasonably confident that the interval includes the actual value of the population parameter.

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Definitions:

Falsifiable

A criterion for a scientific hypothesis, indicating that it can be disproved by experimental or observational evidence.

Many Assumptions

The use of multiple unverified beliefs or hypotheses as the basis for decision-making or reasoning.

Burden of Proof

The obligation on a party in a dispute to provide sufficient evidence to support their claims, typically resting on the party who brings forth the case.

Convincing Evidence

Information or data that is so strong or persuasive it leads one to accept an argument or conclusion.