The confidence level is the:

A. organizing, summarizing, and analyzing data to describe a sample.
B. process of making an estimate, prediction, or decision about a population based on sample data.
C. proportion of times that an estimating procedure will be correct in the long run.
D. proportion of times that a conclusion about a population will be wrong in the long run.


Analysis:
A. Incorrect. The confidence level is the proportion of times that an estimating procedure will be correct in the long run.
B. Incorrect. The confidence level is the proportion of times that an estimating procedure will be correct in the long run.
C. Correct. The confidence level is the proportion of times that an estimating procedure will be correct in the long run.
D. Incorrect. The confidence level is the proportion of times that an estimating procedure will be correct in the long run.
ANSWER : C

Business

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