PRMIA Exam 8007 Topic 1 Question 74 Discussion

Actual exam question for PRMIA's 8007 exam

Question #: 74
Topic #: 1

[All 8007 Questions]

A 95% confidence interval for a parameter estimate can be interpreted as follows:

AThe probability that the real value of the parameter is within this interval is 95%.

BThe probability that the real value of the parameter is outside this interval is 95%.

CThe probability that the estimated value of the parameter is within this interval is 95%.

DThe probability that the estimated value of the parameter is outside this interval is 95%.

Show Suggested Answer

Suggested Answer: A

by Jame at May 31, 2024, 01:10 PM

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Alease

4 months ago

Maybe the real question is, 'which answer will make you the most confident?'

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Raymon

4 months ago

This question is a real head-scratcher! I'm just going to close my eyes and point to an answer - it's as good a strategy as any.

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Theodora

4 months ago

I'm not too sure about this, but I think B is the correct answer. The interval is telling us about the probability of the real value being outside it, not inside.

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Krissy

4 months ago

Actually, you're right. A is the correct answer. The 95% confidence interval gives us the probability that the real value is within the interval.

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Cyndy

4 months ago

I think A is the correct answer. The interval is telling us the probability of the real value being within it.

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6 months ago

I think the correct answer is A.

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