What Is the Purpose of Calculating a Confidence Interval

question 106

Multiple Choice

What is the purpose of calculating a confidence interval?

• A) To provide a range of values that has a certain large probability of containing the sample statistic of interest.
• B) To provide a range of values that, with a certain measure of confidence, contains the sample statistic of interest.
• C) To provide a range of values that, with a certain measure of confidence, contains the population parameter of interest.
• D) To provide a range of values that has a certain large probability of containing the population parameter of interest.

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Definitions:

Government

The structure or mechanism by which a society or country is managed and controlled.

Private Business

A business owned and operated by private individuals or groups, rather than by the state or public, typically aiming to generate profit.

Federal Government

The national government of a federated state, which holds the authority to govern at a level above individual states or provinces.