SOLUTION: Suppose you construct 1000 confidence intervals of the mean US household annual income. If you use a 94% level of confidence, about how many of these intervals will actually contai

Question 1058988: Suppose you construct 1000 confidence intervals of the mean US household annual income. If you use a 94% level of confidence, about how many of these intervals will actually contain the true mean US household annual income?
Answer by math_helper(2461) (Show Source): You can put this solution on YOUR website!

A 94% confidence interval implies that 94% of all the computed confidence intervals would contain the mean. So 94% of 1000 = 0.94*1000 = 940.
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Ans: About 940 of the intervals would actually contain the true mean.
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