When a Confidence Interval for a Population Mean Is Constructed

question 22

Multiple Choice

When a confidence interval for a population mean is constructed from sample data,________.

• A)we can conclude that the population mean is in the interval
• B)we can conclude that the population mean is not in the interval
• C)we can conclude,for an infinite number of samples and corresponding confidence intervals,that the population mean is in a stated percentage of the intervals
• D)we cannot make any inferences

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Definitions:

U.S. Government Securities

Financial instruments issued by the United States Department of the Treasury to finance federal government spending, considered very low risk.

Full-Employment Output

is the level of output that an economy can produce when operating at a full employment level, where all available labor and resources are being used efficiently.

Government Securities

Financial instruments issued by the government to finance its expenditures, offering investors a relatively safe investment option compared to other securities.

Discount Rate

The interest rate charged to commercial banks and other financial institutions for loans received from a country's central bank.