The probability that the confidence interval will include the population proportion is 0.99.
Answer: Option B.
Step-by-step explanation:
In statistics, a confidence interval is a type of estimate computed from the statistics of the observed data. This proposes a range of plausible values for an unknown parameter. The interval has an associated confidence level that the true parameter is in the proposed range.
The purpose of taking a random sample from a lot or population and computing a statistic, such as the mean from the data, is to approximate the mean of the population. A confidence interval addresses this issue because it provides a range of values which is likely to contain the population parameter of interest.