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6. Explain what this confidence interval means to your boss, who has never taken a statistics class. Do not say "We are 95% confident that the true population proportion lies in the calculated range," as this statement would not have much meaning to a person who has not taken statistics.

6. Explain what this confidence interval means to your boss, who has never taken a statistics class. Do not say "We are 95% confident that the true population proportion lies in the calculated range," as this statement would not have much meaning to a person who has not taken statistics.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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6. Explain what this confidence interval means to your boss, who has never taken a statistics class. Do not say “We are 95% confident that the true population proportion lies in the calculated range,” as this statement would not have much meaning to a person who has not taken statistics.
Transcribed Image Text:6. Explain what this confidence interval means to your boss, who has never taken a statistics class. Do not say “We are 95% confident that the true population proportion lies in the calculated range,” as this statement would not have much meaning to a person who has not taken statistics.
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