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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%][75\%, 85\%][75%,85%]. What does this mean?

  1. A) Between 75% and 85% of all patients will recover for sure.
  2. B) The true recovery rate is guaranteed to be between 75% and 85%.
  3. C) There is a 95% chance that the true recovery rate lies between 75% and 85%.
  4. D) The recovery rate in the sample is exactly 80%.
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Best Answer

C

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