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A 95% confidence interval for a population parameter signifies which of the following? I). 95% of similarly constructed intervals will contain the population parameter. II). For a given sample size, 95% of the samples that have the sample statistic for the population parameter lie within the specified confidence interval around the actual population parameter. III). The confidence interval will correctly estimate the population parameter with a probability of 95%
Correct Answer: A
Note that III is incorrect since the confidence interval is a range estimate and hence, cannot represent a point estimate of the population parameter itself.