Question

The probability that the interval estimation procedure will generate an interval that contains the actual value of the population parameter being estimated is the ....

a. level of significance

b. confidence coefficient

c. error factor

d. confidence level

Answer 1

Solution:

=> option a. level of significance

Explanation:

The significance level, also denoted as alpha or α, is the probability of rejecting the null hypothesis when it is true. For example, a significance level of 0.05 indicates a 5% risk of concluding that a difference exists when there is no actual difference.

The probability that the interval estimation procedure will generate an interval that contains the actual value of the population parameter being estimated is the level of significance