Math Problem Statement
what is the upper bound 95% CI and the lower bound 95% CI
Solution
The 95% confidence interval bounds for the true proportion of delicious meals are:
- Lower Bound:
- Upper Bound:
These values indicate that we are 95% confident that the true proportion of delicious meals falls within this range.
Would you like further clarification or have any additional questions?
Here are 5 related questions:
- How can we calculate a 90% confidence interval for the same data?
- What does it mean if the interval is very wide or very narrow?
- How can the confidence interval be used in decision-making for the restaurant?
- What is the effect of sample size on the precision of the confidence interval?
- How does this interval change if the number of delicious meals found increases?
Tip: When interpreting confidence intervals, remember that they provide a range of plausible values for the parameter, not a probability for the parameter itself.
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Math Problem Analysis
Mathematical Concepts
Statistics
Confidence Intervals
Formulas
95% Confidence Interval formula
Theorems
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Suitable Grade Level
Advanced High School or College
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