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Category > Economics Posted 17 May 2017 My Price 7.00

information technology

An information technology (IT) consulting firm specializing in healthcare solutions wants to study communication deficiencies in the health care industry. You constructed a 95% confidence interval for the population mean time wasted in a day due to outdated communication technologies to be 38 minutes  42 minutes. Which of the following is the correct interpretation for the confidence interval when we say that "We are 95% confident that the population mean time wasted in a day due to outdated communication technologies is somewhere between 38 and 42 minutes"?

 

1.This interval, 38 minutes  42 minutes, can be one of the 95% of all the possible confidence intervals that contain the true population mean time wasted in a day due to outdated communication technologies.

 

2.95% of all the possible sample mean time wasted in a day due to outdated communication technologies are between 38 minutes and 42 minutes.

 

3.There is a 95% probability that the true population mean time wasted in a day due to outdated communication technologies is between 38 minutes and 42 minutes.

 

4.95% of all the true population mean time wasted in a day due to outdated communication technologies are between 38 minutes and 42 minutes.

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SuperTutor
(15)
Status NEW Posted 17 May 2017 03:05 AM My Price 7.00

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