PRMIA Exam 8007 Topic 3 Question 87 Discussion

Actual exam question for PRMIA's 8007 exam

Question #: 87
Topic #: 3

[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 Gladys at Oct 20, 2024, 03:04 AM

Limited Time Offer

25%

Off

Get Premium 8007 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Tracie

16 days ago

I think C is the right answer. The confidence interval is about the estimated value, not the real value.

upvoted 0 times

...

Reiko

21 days ago

I agree with Mitzie, because a confidence interval is about the real value of the parameter.

upvoted 0 times

...

Tracey

21 days ago

Option A seems correct to me. The 95% confidence interval means that we are 95% confident that the real value of the parameter is within that interval.

upvoted 0 times

Raylene

6 days ago

I agree, option A is the correct interpretation of a 95% confidence interval.

upvoted 0 times

...

Barrie

10 days ago

I agree, option A is correct. It represents our confidence level in the interval.

upvoted 0 times

...

Mitzie

29 days ago

I think the answer is A.

upvoted 0 times

...