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