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1. Assume that your 95% CI estimate for the mean time a student that works full

ID: 3367508 • Letter: 1

Question

1. Assume that your 95% CI estimate for the mean time a student that works full time to complete an advanced degree is (1.5,3.5) years. The interpretation for this 95% CI is
a. We are 95% confident that mean time to complete an MBA is between 1.5 and 3.5 years
b. We are 95% confident that the average time a for a student to complete an MBA is between 1.5 and 3.5 years
c. We are 95% confident that the average time for student that works full time to complete and MBA is between 1.5 and 3.5 months.
d. None of the above

Explanation / Answer

Option C is the answer

We are 95% confientc that the average time for student that works full time to complete between 1.5 and 3.5 months