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Mathematics, 13.11.2020 03:40 iicekingmann

Two workers in the Phila. Convention Planning office are discussing the proper interpretation of this result, and have reached different explanations:
Worker A says this interval indicates that if they were to select a random statistician
who attended the Denver conference, there's a 95% likelihood that he/she spent
between $1200 and 2000 while in Denver for the Conference.
Worker B says this interval indicates that if we were to obtain another random
sample of 400 Denver conference attendees, there's a 95% chance the average for
that sample would be between $1200 and 2000.
Explain why you agree or disagree with each of the workers' statements (i. e. explain
what is right/wrong with each statement). If you disagree with both statements, also
provide your own improved interpretation of the interval's meaning.

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Answers: 3

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Two workers in the Phila. Convention Planning office are discussing the proper interpretation of th...

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