Math Problem Statement
Solution
The question is about interpreting a confidence interval. The correct interpretation of the given confidence interval is:
"We are 95% confident that the mean number of people in the 100,000 households is between 2.16 and 2.44."
Explanation:
- Confidence intervals refer to a range of values where we estimate the true population parameter (in this case, the mean number of people per household in the population of 100,000 households) to lie with a certain level of confidence (95% in this case).
- The sample of 625 households provides an estimate of the population mean, but the interval accounts for sampling variability.
- Key point: The interpretation applies to the population (100,000 households), not the sample itself, and does not refer to individual probabilities or specific percentages of the sample.
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Related Questions:
- What would happen to the confidence interval if the sample size were increased?
- How would the interpretation change for a 99% confidence interval instead of 95%?
- Why is it incorrect to say the probability is 0.95 for the mean to be in this interval?
- What assumptions are required for the calculation of this confidence interval to be valid?
- How is the margin of error calculated for this confidence interval?
Tip: Always remember, confidence intervals provide a range for population parameters, not probabilities about the sample or the data itself.
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Math Problem Analysis
Mathematical Concepts
Confidence intervals
Sampling
Population mean estimation
Formulas
Confidence interval formula: CI = x̄ ± z*(σ/√n)
Theorems
Central Limit Theorem
Properties of confidence intervals
Suitable Grade Level
Grades 11-12 or college-level introductory statistics
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