In general, we make __________ about future values of random variables and __________ once the data have been obtained.
A) confidence statements; probability statements
B) estimation statements; confidence statements
C) probability statements; confidence statements
D) probability statements; estimation statements

Question

Quizplus · Accepted Answer

In general, we make probability statements about future values of random variables and confidence statements once the data have been obtained. This reflects the process of using probability to predict or model what might happen before observing any outcomes, and then using confidence statements to describe our certainty in the estimates or parameters after data collection.

In General, We Make __________ About Future Values of Random