Joseph is a movie producer hiring a staff for his latest big-budget action movie. To estimate
the number of people he needs, he reviewed the staff size of 100 randomly chosen
blockbusters from the past decade. Joseph measured a 99% confidence interval of
(1207.3, 1209.7) for the mean staff size of blockbusters from the past decade.
Is the following conclusion valid?
There is a 99% chance that the mean staff size of blockbusters from the past decade is in
the interval (1207.3, 1209.7).
yes
no