Question

Using a Simple Radom Sample of 500 rental property owners in Washington State, a 95% confidence interval estimate of the proportion who own rental property by the water is (0.281, 0.392). Which of the following is the correct interpretation of this interval?
a. Ninety-five percent of all samples of size 500 will result in a proportion of rental property between 0.281 and 0.392.
b. There is probability equal to 0.95 that the proportion of owning a rental property by the water is between 0.281 and 0.392
c. 95% confident that the sample proportion of rental propery owners in Washington is between 28.1% and 39.2%.
d. We can be 95% confident that between 28.1% and 39.2% of all rental property owners own a property by the water

Answer 1

Answer:

Hence the correct option is option d.

Explanation:

We can 95% confident that between 28.1% and 39.2% of all rental property owners own a property by the water.  

Here correct option for interpretation of the 95% confidence interval. The remaining options are about probabilities and sample proportions.