💼 Pre-MBA Exam Prep

A confidence interval provides:

A An exact value
B A range of plausible values for a population parameter with a specified level of confidence
C The sample mean only
D Standard deviation

✓ Correct Answer: Option B

95% CI: if we repeated sampling many times, 95% of calculated intervals would contain the true parameter. CI = point estimate ± margin of error. Width depends on confidence level, SD, and sample size.

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