A newspaper ad for a manager trainee position contained the statement "Our manager trainees have a first-year earnings average of $20,000 to $24,000." Do you think that the ad is describing a confidence interval? Explain your answer.
Still Need Help?
Join the QuestionCove community and study together with friends!
Join the QuestionCove community and study together with friends!
Sign Up
OpenStudy (anonymous):
is it because theres no level of confidence? @nincompoop
OpenStudy (nincompoop):
correct
levels of confidence is described by percentage value or by a notation +/-
OpenStudy (anonymous):
so thats it? @nincompoop
OpenStudy (nincompoop):
like 3.00 +/- 0.06
meaning in the range of 2.94 to 3.06
OpenStudy (anonymous):
so for my answer i would put "no this is not a confidence interval because there is no level of confidence (these are described by percentage values/notations)"? @nincompoop
Still Need Help?
Join the QuestionCove community and study together with friends!