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Question
which of the following is the correct interpretation of the confidence level in this problem? if we repeat this process many times, 95% of the time p will be contained in the interval (0.15, 0.27) if we repeat this process many times, 95% of the intervals constructed will contain p.
The confidence level in statistics refers to the proportion of intervals constructed from repeated sampling that will contain the true population parameter. It is not about a single interval containing the parameter a certain percentage of the time.
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If we repeat this process many times, 95% of the intervals constructed will contain \( p \).