A computer package was used to generate the following printout for estimating the mean sale price of homes in a particular neighborhood.
Which of the following is a practical interpretation of the interval above?
A) We are 90% confident that the mean sale price of all homes in this neighborhood falls between $40,349.40 and $52,850.60.
B) We are 90% confident that the true sale price of all homes in this neighborhood fall between $40,349.40 and $52,850.60.
C) 90% of the homes in this neighborhood have sale prices that fall between $40,349.40 and $52,850.60.
D) All are correct practical interpretations of this interval.
Correct Answer:
Verified
Q65: To help consumers assess the risks
Q66: A computer package was used to
Q67: A computer package was used to
Q68: A study was conducted to determine
Q69: A marketing research company is estimating the
Q71: The following random sample was selected from
Q72: A marketing research company is estimating which
Q73: What type of car is more
Q74: An educator wanted to look at the
Q75: Private colleges and universities rely on
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents