A 95% Confidence Interval

question 56

Multiple Choice

A 95% confidence interval

• A)indicates that there is 95% confidence that the value of the estimated coefficient is correct.
• B)indicates that there is 95% confidence that the degrees of freedom explain the data correctly.
• C)is a range of of values that gives a 95% probability that the true value of the coefficient is within the specified interval.
• D)is the probability that we have obtained the true value of the coefficient with 95% accuracy.

---

Definitions:

Quality Control

The process of ensuring that products and services meet consistent standards and requirements through various checks and measures.

Defective Parts

Items or components that fail to meet quality specifications or standards within a manufacturing process.

Assembly Line

A manufacturing process in which parts are added to a product in a sequential manner to create a finished product efficiently.

Lower Confidence Bound

The lower limit of a confidence interval, below which the true parameter of a population is expected not to fall.