Suppose that a random sample of 50 bottles of a particular brand of cough syrup is selected, and the alcohol content of each bottle is determined. Let µ denote the average alcohol content for the population of all bottles of the brand under study.
Suppose that the resulting 95% confidence interval is (8.0, 9.6). Consider the following statement: There is a 95% chance that µ is between 8 and 9.6. Is this statement correct? Why or why not?