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A 95% confidence interval for the average annual employee turnover rate of Australian businesses was...

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Accounting

  1. A 95% confidence interval for the average annual employee turnover rate of Australian businesses was found to be (47% to 63%). Which of the following is a correct interpretation of this interval?

    95% of businesses have at least at 47% annual employee turnover rate

    We can be 95% confident that the population employee turnover rate is between 47% and 63%

    63% of businesses have at least a 47% annual employee turnover rate

    We can be 47% confident that the population employee turnover rate is between 63% and 95%

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