A confidence level of \( 95 \% \) means: \( 95 \% \) of the time, sample percentages will fall above the mean. \( 95 \% \) of the time, population data will fall between 149.61 and 150.39 . the mean of \( 95 \% \) of the adults in the sample was 150 . OONE:
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A confidence level of \( 95\% \) indicates that if you were to take multiple samples and construct a confidence interval from each one, about \( 95\% \) of those intervals would contain the true population parameter. This means that while 5 out of every 100 intervals might miss the parameter, you can feel pretty good about the remaining 95! In practice, this concept is heavily used in fields like marketing and psychology, where researchers often conduct surveys or experiments. When reporting their findings, they’ll provide confidence intervals to show how accurate they believe their results are – a handy tool for decision-making that helps navigate the uncertainties of data!