The Confidence Level of a Statistical Inference Measures

question 4

Multiple Choice

The confidence level of a statistical inference measures:

• A)the proportion of times a conclusion about a population will be correct.
• B)the proportion of times a conclusion about a population will be wrong.
• C)the proportion of times an estimation procedure will be correct.
• D)the proportion of times an estimation procedure will be wrong.

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Definitions:

Open-Book Account

An account that is open to charges made occasionally as needed.

Charges

Fees or payments required for services, or the formal accusations of wrongdoing.

Account Type

A classification that determines the features and rules applied to a financial or service account, such as savings, checking, or investment accounts.

Collections

The process or practices involved in pursuing payments of debts owed by individuals or businesses.