I am in an Intro to Stats class, and I need help with this problem:
According to the Pew Research Foundation, based on a random sample of $1,001$ adults, a $95\%$ confidence interval for the proportion of adults who would ride in a driverless car is $(0.45,0.51).$
What is the best interpretation of this confidence interval?
a) We are $95\%$ confident that the population proportion is between $0.45$ and $0.51?$
b)We are $95\%$ confident that the sample proportion is between $0.45$ and $0.51?$
I am currently leaning towards A since C.I. are population proportion and the professor did not really go in depth over the distinction between the two. I am wondering if there is a case where we would have sample, or is it always proportion?
I think this is the most concise and nice definition of what CI's mean:
Of note, there is a subtlety not captured in either one of the answers in your test: Notice that what it really means is that if we were to repeat the sampling process an infinity number of times, the true population parameter would be included in the CI in $95\%$ of the occasions.
This is different than an assessment of of confidence.
However, and given the binary choice you face, it is clear that you are aiming at estimating the population parameter.