Which Is True About a 99% Confidence Interval Based on a Given

question 4

Multiple Choice

Which is true about a 99% confidence interval based on a given sample? I. The interval contains 99% of the population.
II) Results from 99% of all samples will lie in this interval.
III) The interval is wider than a 95% confidence interval would be.

• A) None
• B) I only
• C) II only
• D) III only
• E) I and III

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Definitions:

JIT

Just-In-Time, a lean manufacturing principle aiming to reduce waste and increase efficiency by receiving goods only as they are needed in the production process.