Wikipedia: "the confidence level represents the frequency (i.e. the proportion) of possible confidence intervals that contain the true value of the unknown population parameter"
Some say the following is incorrect:
The chance that the true population value is in the confidence interval is the confidence level.
Why is it incorrect?
Is it only the issue that the real value is not a random variable?
Some say the following is incorrect:
The chance that the true population value is in the confidence interval is the confidence level.
Why is it incorrect?
Is it only the issue that the real value is not a random variable?