(See Solution) A 95-percent confidence interval is constructed for the population mean, and the interval is found to be (70, 80). What is conceptually incorrect
Question: A 95-percent confidence interval is constructed for the population mean, and the interval is found to be (70, 80). What is conceptually incorrect about the following probability statements?
- the probability is .95 that population mean falls into the interval
- the probability is .05 that population mean lies outside the interval.
- the probability is . 025 that population mean is greater than 80
d the probability is .025 that population mean is less than 70
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