Question

The FBI determined the true average time between felony acts in the US with a 95% confidence interval of (2.3, 5.7) seconds. Which of the following (if any) are correct? There is a 95% probability that the true average is between 2.3 and 5.7 seconds 95% of all felonies happen in 2.3 seconds to 5.7 seconds We are 95% confident the true average is between 2.3 and 5.7 seconds 95% of the time the true average will be between 2.3 and 5.7 seconds 95% of the time confidence intervals like this capture the true average time between a felony A new confidence interval has a 95% probability of capturing the sample average

Answer 1

95% of the time confidence intervals like this capture the true average time between a felony.

The average of the true ranges throughout the given period is known as the average true range (ATR). ATR calculates volatility by accounting for any gaps in price movement. 14 periods, which can be intraday, daily, weekly, or monthly, are typically used in the ATR calculation. Utilize a shorter average, such as 2 to 10 periods, to gauge recent volatility. Use 20 to 50 periods for volatility over longer time spans.

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