In: Statistics and Probability
After surveying students at a college, a campus organization calculated that a 95% confidence interval for the mean cost of food for one term is ($1372, $1562). Now the organization is trying to write its report and is considering the following interpretations. Comment on each. Complete parts a through e below.
a) 95% of all students pay between $1372 and $1562 for food.
Comment on the given interpretation. Choose the correct answer below.
A. The interpretation is incorrect. A confidence interval estimates a sample parameter.
B. The interpretation is incorrect. A confidence interval is not about a population parameter.
C. The interpretation is incorrect. A confidence interval is not about individuals in the population.
D. The interpretation is correct. A confidence interval estimates a population parameter.
b) 95% of the students paid between $1372 and $1562.
c) We're 95% sure that students in this sample averaged between $1372, $1562 for food.
d) 95% of all samples of students will have average food costs between $1372 and $1562.
e) We're 95% sure that the average amount of all students pay between $1372 and $1562.
a) 95% of all students pay between $1372 and $1562 for food.
comment:
we are 95 % confident that the mean cost of food for one term is between 1372 and 1562
C. The interpretation is incorrect. A confidence interval is not about individuals in the population
b) 95% of the students paid between $1372 and $1562.
Incorrect, because the CI is about the population mean and thus not about individual students
c) We're 95% sure that students in this sample averaged between $1372, $1562 for food.
Incorrect
Because we know that the sample mean of this sample between 1372 and 1562. The sample mean is (1372_1562)/2 = 1467
d) 95% of all samples of students will have average food costs between $1372 and $1562
Incorrect
because the CI is about the population mean and not about sample means
e) We're 95% sure that the average amount all students pay is between $1372 and $1562.
correct
The given statement is nearly identical to interpretation of the CI at the top