QuestionSuppose the average US salary is . If a sample of 50 people are randomly surveyed then there is a chance that the confidence interval for the mean US salary will have a lower bound less than 41,000 and an upper bound greater than . True False
Studdy Solution
Since the confidence interval is centered around the sample mean, and the sample mean is an unbiased estimator of the population mean, the true population mean will be within the interval 95% of the time.
The statement is:
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