Answer:
Correct option:
"We are 95% confident that the mean height of the entire business is in this interval."
Step-by-step explanation:
The (1 - α)% confidence interval for population parameter implies that there is a (1 - α) probability that the true value of the parameter is included in the interval.
Or, the (1 - α)% confidence interval for the parameter implies that there is (1 - α)% confidence or certainty that the true parameter value is contained in the interval.
Assume that the 95% confidence interval for the mean height of the entire business is, (p₁, p₂).
The 95% confidence interval for the mean height of the entire business implies that:
Thus, the correct option is:
"We are 95% confident that the mean height of the entire business is in this interval."