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A confidence level of 95% in statistics means that : |
95% of samples drawn include the population parameter 95% of samples drawn do not include population parameter 5% of samples drawn include the population parameter 5% of samples drawn are reliable |
95% of samples drawn include the population parameter |
The correct answer is Option (1) → 95% of samples drawn include the population parameter The remaining 5 intervals would not include the population parameter due to random sampling. |
