Answer to Question #98218 in Statistics and Probability for Ria

Question

Given that a 99% confidence interval for a population mean is (8, 10), state
i. the lower and upper confidence limits
ii. the probability of the mean lying in the interval (8, 10)
iii. the probability of the mean lying outside the interval (8, 10)

Answer 1

i. Lower limit = 8

Upper limit = 10

ii. p=0.99 (because it is 99% confidence interval)

iii. p=1-0.99=0.01