Real-Life Confidence Interval
A pharmaceutical company is testing a new drug's effectiveness. The confidence interval for the percentage of patients who recover is [75%,85%]. What does this mean?
- A) Between 75% and 85% of all patients will recover for sure.
- B) The true recovery rate is guaranteed to be between 75% and 85%.
- C) There is a 95% chance that the true recovery rate lies between 75% and 85%.
- D) The recovery rate in the sample is exactly 80%.