Ski/snowboard shop has a markup rate of 50% find the selling price of the skis that cost a store owner the wholesale price of $3
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Answer: A. We are 99% confident that the interval from 4.1 to 5.6 actually does contain the true value of mu.
Step-by-step explanation:
The correct interpretation of a 99% confidence interval is that we are 99% confident that the true population mean falls in it.
Given 99% confidence interval :
Then, the correct interpretation : We are 99% confident that the interval from 4.1 to 5.6 actually does contain the true value of mu.