Try it on paper first. A hint, the key idea and the worked solution are here when you need them.
A research group publishes separate 95% intervals over a year, each from its own independent random sample. Find the expected number of intervals that miss the true value. Find the probability that all catch their true values. Find the probability that at least one misses. Give the probabilities to four decimal places.
In the long run, of the intervals made this way catch the true value. Multipliers: , and for , and . For a large sample, the interval for a mean is .
Have you tried it?
Work it out on paper first. It is fine to get stuck or make a mistake: that is how we learn. When you are ready, go through the solution one step at a time, and check each step against your own.
Step 1. Expected misses. .
Step 2. All catch. .
Step 3. At least one misses. .
Answer: miss, and .
What it means. Even a careful group should expect about one of its twenty intervals to be wrong, and nobody can tell which one.
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