We Cannot Interpret the Confidence Interval Estimate of ? as a Probability

question 23

True/False

We cannot interpret the confidence interval estimate of ? as a probability statement about ? , simply because the population mean is a fixed but unknown quantity.

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Definitions:

Conjunction Fallacy

A logical fallacy that occurs when people assume that specific conditions are more probable than a single general one.

Base Rate Fallacy

A cognitive error where people wrongly judge the likelihood of a situation by ignoring general statistical information and focusing on specific information.

Gambler's Fallacy

The erroneous belief that if something happens more frequently than normal during a given period, it will happen less frequently in the future, or vice versa.

Overestimation Fallacy

The cognitive bias of overestimating one's own abilities, performance, level of control, or chances of success.