MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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19
A 95% confidence interval for the mean starting wage of welders in Georgia is found
to be $19.60 to $23.12 per hour.
A person claims that the mean starting wage of electricians in a specific region is
$23.
According to the confidence interval which of the following is the best response?
We believe that $23 is almost for sure the correct population mean wage.
We agree that 99% of all welders in Georgia probably have a starting wage of
$23 per hour.
We believe that $23 is not a plausible value for the mean wage.
We can't dispute the claim that the mean wage is $23 but we do not believe the
wage is exactly $23 either because there are a lot of other values in the interval
too.
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Transcribed Image Text:19 A 95% confidence interval for the mean starting wage of welders in Georgia is found to be $19.60 to $23.12 per hour. A person claims that the mean starting wage of electricians in a specific region is $23. According to the confidence interval which of the following is the best response? We believe that $23 is almost for sure the correct population mean wage. We agree that 99% of all welders in Georgia probably have a starting wage of $23 per hour. We believe that $23 is not a plausible value for the mean wage. We can't dispute the claim that the mean wage is $23 but we do not believe the wage is exactly $23 either because there are a lot of other values in the interval too.
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