A 95% confidence interval means:
AThe estimate is 95% accurate
BIf we repeated sampling many times, ~95% of CIs would contain the true parameterCORRECT
CThere's 95% chance of error
D5% of the data is included
CFAQuantitative Methods
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Why the answer is B, and why the others tempt you.
Strict CI interpretation — relates to repeated-sampling coverage rate, not the probability the parameter lies in any single CI.
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