Which Is True About a 95% Confidence Interval Based on a Given

question 564

Multiple Choice

Which is true about a 95% confidence interval based on a given sample?
I. The interval contains 95% of the population.
II. Results from 95% of all samples will lie in the interval.
III. The interval is narrower than a 98% confidence interval would be.

• A) none of these
• B) III only
• C) II only
• D) I only
• E) II and III only

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Definitions:

Simulation

The use of a computer model to replicate the behavior of complex systems in order to study their properties or predict outcomes under different scenarios.

Risk Analysis

The process of identifying potential risks, quantifying their impact, and developing strategies to manage and mitigate them, especially in business and projects.

Uncertainty

The state of being unsure or having doubts, often quantifiable in finance and science.

Output Variable

The variable in a study or model that represents the result or outcome of interest, influenced by input variables.